VC-backed 58.com acquires Chinese real estate platform
Chinese online marketplace 58.com, a VC-backed classifieds website along the lines of Craigslist, has acquired Anjuke, an online real estate listing platform, for about $267 million.
According to a release, 58.com has issued about five million new ordinary shares and paid an additional $160 million in exchange for 100% of Anjuke. Following the acquisition, Anjuke will continue to operate...
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