Seeking Alpha

Tencent to pay $180M for stake in Leju; E-House +8.6%

  • E-House Holdings (EJ) is ahead 8.6% premarket after Tencent (TCEHY) pays $180M for 15% of E-House's online real estate services provider Leju Holdings. Tencent will add to its stake once Leju's proposed IPO takes place.
  • The investment - expected to close by month's end - gives Leju a valuation of about $1.25B.
  • Previous: Leju files for IPO and announces partnership with Tencent.
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