Anjuke, a China-based real estate marketplace, has completed a US$50m Series C round of financing.
The round was led by Baidu, Inc. (Nasdaq: BIDU), the Chinese language Internet search provider.
The company plans to use the proceeds to invest in geographic expansion and in research and development.
Founded in Shanghai in 2007 by CEO and Chairman Mike Liang, Anjuke provides a user-friendly experience for buyers, homeowners, and real estate agents to buy and sell secondhand properties online. In 2010, the company also launched www.haozu.com and www.aifang.com to focus on property rental and new property sales, respectively.
Currently, Anjuke has 813 employees in 20 offices, and offers its service in 20 cities.