Lamudi new investment will be used to expand Lamudi Asia Operations Center

Absrtact: April 18 News, German electric business incubator Rocketinternet's real estate advertising website Lamudi the latest 7 million dollars in investment, this round of investment from Tengelmann Investment Group, will be used for Lamudi Asia Operations Center expansion. But Lamudi didn't

April 18, German electric business incubator Rocket Internet-owned real estate advertising website Lamudi the latest 7 million dollars in investment, this round of investment from Tengelmann Investment Group, will be used for Lamudi Asia Operations Center expansion.

But Lamudi has not disclosed other detailed investment information, which is the consistent practice of rocket Internet companies. However, if the previous Rocket Internet business model for Lamudi, then Lamudi will continue to expand for some time to come, in less than a few years Lamudi will likely appear deficit.

It is understood that Lamudi is an emerging market real estate classified advertising company, operating in 21 countries around the world, including Indonesia, the Philippines and Pakistan. There are about 200,000 real estate information on the site, one times more than the February data. The main features of Lamudi include a wide range of property information releases, intuitive Web site settings and strict security standards against fraud.

The real estate trading platform is highly transparent, with professional pictures, latest listings, detailed descriptions, reports, and rankings for all properties in each market. The Lamudi platform also helps Realtors manage their homes quickly, easily and without pressure.

Although the Rocket Internet is already active in the fashion and electronics markets of Southeast Asia, including Zalora and Lazada, which are rocket Internet-owned sites, the field of real estate electronics is still a strange market for the Rocket Internet.

In the Southeast Asian market, real estate electric companies have been very competitive, there are already propertyguru and iproperty such a large real estate electric business exists, and some similar urbanindo like the emerging enterprises are also fast development. Propertyguru's website rumah.com can reach 200,000 a week, and recently Urbanindo's weekly visit reached 100,000.