Announced
Completed
Financials
Tags
China
Friendly
real estate development
Minority
Private Equity
Public
Completed
Real Estate Holding and Development
Acquisition
Single Bidder
Synopsis
Sequoia China and Tencent completed a $244m investment in Shimao Property, a diversified real estate development company. Sequoia invested $130m and Tencent provided $114m. Shimao will use the capital to improve its operating efficiency by digitizing its services and adopting technology such as cloud computing and big data.
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