Industry NewsTechnology

Chinese search engine Baidu invests in real estate portal

Anjuke raises $50 million in third round of financing
Published on Mar 9, 2011

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by CareyBot

Chinese-language search engine Baidu Inc. has taken a stake in Anjuke, a startup that operates listing portals for existing homes, new homes and rentals in China.

Baidu was the lead investor in Anjuke's third round of fundraising, which raised $50 million, the companies said. Shanghai-based Anjuke said it will use the proceeds of its "series C" financing to invest in geographic expansion and for research and development.