Anjuke, a China-based property sales website, has raised $50m in its series C round, which was led by Nasdaq-listed, Chinese language internet search provider Baidu.
Alongside Baidu was venture capital firm Matrix Partners China.
Hesong Tang, general manager of corporate development at Baidu, said: "Anjuke has been an important partner of Baidu and we have a lot of respect for what Mike Liang [the portfolio company’s founder and executive chairman] and his team have accomplished in three short years."
Founded in Shanghai in 2007, Anjuke has previously raised $22m from Matrix and has 10 million unique visitors per month.
After Matrix’s last investment in Anjuke in July 2009, the firm said it was the final round before the portfolio company’s flotation delivered at least a "300 times" return, according to newswire Reuters.
China Renaissance advised Anjuke on the latest round.