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China tech

Chinese online property site Beike seeks $2bn in New York IPO

Offering planned even as and others seek backup listings in Hong Kong

Apartment blocks loom behind the Florentia Village shopping center in China's Tianjin. Online property listing platform Beike is exploring a U.S. stock market listing.   © Reuters

HONG KONG -- Beike Zhaofang, a Chinese online property brokerage backed by Tencent Holdings and SoftBank Group, has filed to go public in New York in an offering that could be worth as much as $2 billion.

The company, valued at $14 billion by startup data service CB Insights, has already filed a confidential listing application with the U.S. Securities and Exchange Commission, according to two people familiar with the transaction.

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