Chinese real estate site Anjuke is getting a huge influx of cash in part thanks to Baidu (NSDQ: BIDU). The search engine has led a $50 million funding round in the company, which bills itself as the most popular online marketplace for used homes in China. Its flagship site gets 10 million unique visitors a month and it also owns smaller sites, which list homes available for rent, as well as new homes for sale.
The company says it will use the new cash to “invest in geographic expansion” and also for research and development. The round brings Anjuke’s total backing to $72 million, according to the company’s CrunchBase profile. Its other major backer is Matrix Partners, which at one point owned more than 50 percent of the company.
The company had said in the past that it would be ready to go public as soon as late last year. Several other Chinese online companies — including notably the video site Youku — have gone public in recent months.