Baidu Leads $50 Million Funding Round For Chinese Real Estate Marketplace Anjuke

Leading Chinese search engine company Baidu has led a $50 million financing round for Anjuke, a major real estate marketplace in China. Anjuke, which was founded in Shanghai in 2007, provides a platform that connects property buyers, homeowners and real estate agents to buy and sell secondhand properties online.

Anjuke last year also launched and to expand to property rental and new property sales, respectively.

The company currently boasts over 800 employees in 20 offices, and offers its service in 20 Chinese cities. Anjuke in a press statement says it will use the additional capital to invest in geographic expansion and R&D.

Matrix Partners China, which is affiliated with U.S.-based venture capital firm Matrix Partners, also participated in the round. Anjuke has raised $72 million to date.