China's online property brokerage platform Beike mulls $1b IPO in 2020

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

Beike Zhaofang, a Chinese online property brokerage platform backed by Tencent Holdings Ltd., is considering an initial public offering that could raise at least $1 billion, people familiar with the matter said.

The company is working with an adviser for the potential share sale, said the people, who asked not to be identified as the discussions are private. The listing could take place as soon as in 2020, while the company hasn’t decided on the venue, the people said.

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