Temasek, GGV-backed Chinese startup Iwjw goes into liquidation: Report

While general economic development is slowing down, the property market of China is stalling at an even sharper rate. (Reuters via MBT)

Ai Wu Ji Wu (Iwjw), a Chinese startup that operates an online platform for house rental services, has reportedly gone into liquidation after raising a total of $305 million in funding since its inception in 2014, according to a China Money Network report.

If the report is confirmed, that would mean big-ticket investors GGV Capital, Temasek Holdings, Hillhouse Capital, and Morningside Group stand to lose millions of dollars of investments in the Shanghai-based self-proclaimed unicorn.

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