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SoftBank Closed Two $1b Investments in Chinese Property Mkt: DJ

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

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