Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Wuhan Virus Update: Health Expert Warns of ‘Super-Spreader’ of Viral Pneumonia
Wuhan Suspends Public Transit System Amid Virus Fears
Huawei Again Tops China’s Software Industry, Which MIIT Says Is Still Frail
LATEST
Months Needed to Develop Coronavirus Vaccine: Epidemiology Group
WHO Declines to Declare Chinese Virus a Global Health Emergency
Chinese Airlines Told to Provide Free Cancellations on Domestic Flights
China Aims to Halve New Solar Plant Subsidy Budget for in 2020
Scientists Dispute Whether Snakes Are Source of Wuhan Coronavirus In Humans
Chinese Company Buys UK Steel Trading Company Stemcor
ByteDance Is Seeking a New CEO for Its TikTok Business
China Issues Biosafety Certificates to Domestic GM Soybean, Corn Varieties
Rail Transport of Coal Grows at Slower Pace
E-Commerce Sites to Block Price Gouging on Health Products in Virus Outbreak
Wuhan Suspends Public Transit System Amid Virus Fears
Chinese Internet Companies to Give Away Nearly 15 Billion Yuan in New Year Red Envelopes
Huawei CEO Dismisses Impact of More U.S. Sanctions
Huawei Again Tops China’s Software Industry, Which MIIT Says Is Still Frail
Wuhan Virus Update: Health Expert Warns of ‘Super-Spreader’ of Viral Pneumonia
Airlines Stocks Plunge as Viral Pneumonia Outbreak Spreads
Wuhan Virus Update: China Confirms Human-to-Human Transmission
Meng Wanzhou’s Extradition Case Hearing Opens First Day
Embattled Leshi Edges Closer to Delisting With Widening Annual Loss
Meituan Co-Founder Wang Huiwen to Retire at Year End
Real Estate Broker Lianjia’s Moves Inspire IPO Rumors

By Zhao Runhua and Niu Mujiangqu / Mar 30, 2019 02:10 AM / Business & Tech

Photo: VCG

Photo: VCG

China’s leading real estate broker Lianjia may be preparing an overseas IPO for subsidiary Beike Zhaofang, some recent moves suggest.

All of Lianjia’s 15 shareholders, including chairman Zuo Hui, have pledged their shares to Beike (Tianjin) Investment Holdings Ltd., an affiliate of Beike Zhaofang that just secured $800 million in Series D funding led by Tencent earlier this week, according to a company data site.

The move comes not long after the company’s March 20 reshuffling, when 22 shareholders exited including property giant China Vanke, Sunac China Holdings, Tencent, Baidu and agricultural conglomerate New Hope Group.

The former investors’ stakes have been transferred to Beike, sources at the company have told Caixin.

Beike (Tianjin) Investment is also the wholly owned subsidiary of a Hong Kong-based real estate services company ― which leads analysts to believe that Lianjia’s recent moves are paving the way toward a long-rumored overseas IPO. The Hong Kong-based company will allow Zuo Hui and his leadership team to remain in control of Beike with a variable-interest entity structure-backed overseas listing.

Related: Beike Online Housing Agent Raises $800 Million

Share this article
Open WeChat and scan the QR code