05 Mar 2015
Chinese online classifieds firm 58.com has acquired Anjuke, owner of a popular online real estate listing platform for people thinking of buying or renting a home, for $267 million (U.S.).
The move could bring greater competition into the sector. It comes in the middle of a slowdown in China’s housing market as gross domestic product grows at the slowest rate in 24 years.
Jinbo Yao, CEO of 5