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11 January 2017

Lianjia houses $375m Sunac investment

Property developer Sunac will take a 6.25% stake in the online real estate portal, which raised $927m in a Tencent and Baidu-backed round last year.

Author: Robert Lavine, News Editor

Property developer Sunac China Holdings agreed yesterday to pay RMB2.6bn ($375m) for a 6.25% stake in online real estate listings platform Lianjia, China Money Network has reported.