Lianjia
Lianjia provides online-to-offline real estate agency service.
| Date | Investors | Amount | Round |
|---|---|---|---|
$926m | Series B | ||
$375m Valuation: $6.0b | Series C | ||
$436m Valuation: $6.0b | Series D | ||
$1.5b | Growth Equity VC | ||
| Total Funding | $3.2b | ||
Lianjia, originally known as Homelink, was founded in November 2001 by Zuo Hui in Beijing, China. Starting with just 27 employees, the company aimed to streamline the fragmented real estate brokerage market by centralizing information and improving transaction transparency. This approach quickly set Lianjia apart in the competitive landscape.
Over the years, Lianjia expanded its operations significantly, acquiring several intermediary companies to become the largest domestic real estate brokerage firm in China. This strategic expansion was pivotal in establishing its dominance in the market.
In April 2018, Zuo Hui, along with Peng Yongdong and Shan Yigang, launched Beike, an online platform designed to connect customers with real estate agents more efficiently. This move marked a significant shift towards digital transformation, leveraging technology to enhance customer experience and operational efficiency.
Lianjia's journey reached a new milestone in 2020 when it went public under the umbrella of KE Holdings, marking one of the largest IPOs in the real estate sector. This event underscored the company's growth and its pivotal role in reshaping the real estate industry in China.
Today, Lianjia, through its innovative platforms and strategic expansions, continues to lead the market, setting new standards for real estate transactions and customer service in the digital age.