Vision Knight bets big on property site
Vision Knight Capital expects massive growth in three segments of China’s e-commerce market over the next three years – property, autos and home decorating. Hence the private equity firm’s willingness to provide the largest portion of a $80 million Series B round of funding for real estate portal Fangdd.com.
"We believe that people who born in 1985 or after will make almost all their consumption decision online. This group of people is willing to spend more in these three segments," says David Wei, co-founder...
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