SoftBank Closed Two $1b Investments in Chinese Property Mkt: DJ
(Bloomberg) -- SoftBank's Vision Fund invested $1 billion in online real-estate portal Beike part of broader funding, Dow Jones reported on Tuesday, citing unidentified people familiar with the matter.
- Separately invested $500 million directly into Beijing-based Ziroom and bought an additional $500 million of shares from its founders
- Investment valued firm at $6.6 billion
- Hillhouse Capital Group, Tencent Holdings and Sequoia Capital invested an additional $500m in Beike
- Round valued Beike at slightly more than $14 billion
- Deals closed in November
To contact the reporter on this story: Deana Kjuka in Prague at dkjuka@bloomberg.net
To contact the editors responsible for this story: Katerina Petroff at kpetroff@bloomberg.net, Nour Al Ali, Christopher Kingdon
©2020 Bloomberg L.P.
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