Tencent investing $1b in Chinese real estate brokerage Lianjia: Report

Tencent
A pedestrian walks past Tencent Holdings Ltd.'s new under-construction headquarters in Shenzhen, China, on Monday, Aug. 22, 2016. Photographer: Qilai Shen/Bloomberg

China’s biggest social media and gaming company Tencent is reportedly investing $1 billion in Beijing-based online-to-offline real estate agency Lianjia, which is raising $3 billion in a private equity round that values the company at $13 billion.

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