Financials / Deals


Baixing backs student-temping site Qtshe.com

Baixing backs student-temping site Qtshe.com

Student-temping site Qtshe.com (青团社) secured series B funding worth 60 million RMB ($9.1 million U.S.). The round was led by Anche Capital (持资本领投), and was joined by classifieds platform Baixing.com (百姓网) and Liang Weiping 梁伟平, founder of property listings platform Anjuke, which was acquired by 58.com in 2015.


Home61, backed by Grinda of OLX fame, raises money

Home61, backed by Grinda of OLX fame, raises money

Home61, a tech-driven real estate start-up in Miami, raised $4 million U.S.. The company’s founder and CEO is Olivier Grinda, whose brother Fabrice founded classified horizontal OLX. (Fabrice Grinda is also an angel investor in Home61.) The new financing will help Home61, which currently operates only in Florida, go national.



With Tujia now a unicorn and a half, 58.com set to pay off

Chinese classifieds giant 58.com’s (58同城, NYSE: WUBA) growth has been fuelled by some prophetic strategic investments. In addition to high-profile acquisitions like Anjuke, ChinaHR.com and Ganji, the Beijing based company has secured minority stakes in Vanke Property Management (which we reported on here), Tubatu.com (土巴兔), Wowqu.cc (窝趣), and consumer finance provider Changying Wuba. The Airbnb equivalent Tujia (途家网), continues to look like the best of these plays, with the company announcing that it has secured $300 million U.S. in investment, valuing it at a very strong $1.5 billion U.S. 


GoZefo raises another $9.2 million US

GoZefo raises another $9.2 million US

In less than two years, GoZefo, an online platform for used furniture and electronics goods, has raised $15.2 million U.S. from a slew of high-profile investors, such as Helion Venture Partners, and Sequoia Capital. The total of $15.2 million U.S. includes $9.2 million raised in a B round from Sequoia Capital and Helion Venture Partners last week.



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