Internet group Tencent is set to lead an $800m series D round for China-based real estate listings and services platform Ke.com, China Money Network reported today.
Spun off from online and offline estate agency Lianjia and also known as Beike Zhaofang, Ke runs an online platform that enables users to search and locate free properties, using 3D modelling technology to help them see the layout of the homes and providing real estate brokerage services.
The company also offers an online marketplace for in-home decoration and renovation services. It has a presence in 500 Chinese cities, Nikkei reported last month, and will use the proceeds from the round to strengthen its technology and enhance user experience.
Ke is in the process of raising the funding but has not disclosed when it intends to close the round. It has not revealed any earlier external financing since it became operational in March 2017.
