Ke.com completes USD2.4b Series D+ financing round

Beike Real Estate has completed the Series D+ financing round in November 2019. Investors include SoftBank, Tencent, Hillhouse Capital, and Sequoia, with a total financing amount of more than 2.4 billion dollars. It is worth noting that in March 2019, the company had just completed a Series D financing of more than 1.2 billion dollars.

Beike Real Estate (Ke.com) has completed the Series D+ financing round in November 2019. Investors include SoftBank, Tencent, Hillhouse Capital, and Sequoia, with a total financing amount of more than 2.4 billion dollars. It is worth noting that in March 2019, the company had just completed a Series D financing of more than 1.2 billion dollars.

The proceeds willbe mainly used for continuous technology research and development in the field of industrial internet, product application innovation, recruitment and training of outstanding talent to promote the digitalization and ecological optimization of the residential industry.

Beike Real Estate is a residential real estate rental and transaction service platform. The platform hosts a large amount of real-time listing information, covering second-hand houses, new houses, and renting houses in various provinces and cities. The platform also offers virtual touring experiences of property, enabling users to examine and value properties comprehensively.

As of the end of December 2019, Beike has covered 106 cities across China, and the number of contracted stores rose to 38,000, with more than 360,000 property agents.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/ke-com-completes-usd2-4b-series-d-financing-round/.

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