www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Renren moves into property crowdfunding

By Zheng Yangpeng (China Daily) Updated: 2015-06-18 08:24

Renren moves into property crowdfunding

A visitor sits at the stand of online social networking website renren.com during China Internet Conference 2012 in Beijing, Sept 11, 2012. [Photo/IC]

US-based firm offers alternative investment channel, but will Chinese investors participate?

The world's first company to successfully crowdfund equity investment for real estate online is seeking a China market entry, backed by a Chinese social media company.

Fundrise, a Washington DC-based real estate investment crowdfunding company, received $27 million in funding from Beijing-based Renren Inc, Benjamin Miller, co-founder and chief executive officer of Fundrise, told China Daily.

It is a small part of the Renren's pivot to Internet finance. The company began buying into many tech startups as its Facebook-like business lost momentum. As much as $500 million in venture capital has been invested in more than 30 deals, and more than half of that money went into e-finance, according to Forbes.

Renren declined to comment on those numbers or on its specific investment in Fundrise.

Founded in 2012, Fundrise's website allows lenders to invest in specific properties in US cities for as little as $100 per share and as much as $10 million. Returns have typically been 12 to 14 percent, the company said.

The 50,000 investors the company has attracted are all in the United States. Benjamin Miller and his co-founder Daniel Miller, who is his brother, are looking to expand the group of investors to countries like China, Canada and Israel.

Renren and Fundrise are still figuring out how to launch the project in China, with no details settled. As Miller finished a China trip recently, he admitted he knows very little about "what Chinese investors want".

"It may take years. We are not in a hurry. It's a long-term bet," he said, adding he hoped that Renren's investment could help boost Chinese users' trust in the US company.

One of the key challenges is that Chinese investors are not familiar with the "real estate crowdfunding" concept, which even in the US is in its infancy.

"Chinese investors typically own a house. It is not normal for them to own a piece (of a house)," Benjamin Miller said. "In addition, very few people in China rent an apartment."

Most of Fundrise's projects are multi-family residential projects in the US, which provide returns in the form of rent.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲精品国产一区二区图片欧美 | 在线小毛片 | 亚洲欧美久久 | 成人97 | 久久国产亚洲 | a级片在线免费观看 | 国内精品七七久久影院 | 6一10周岁毛片免费 6一12呦女精品 | 伊人黄色片 | 色吊丝在线观看国产 | 日韩精品午夜视频一区二区三区 | 精品日本亚洲一区二区三区 | 欧美一区亚洲 | 国产手机在线视频 | 在线满18网站观看视频 | 91精品久久久久 | 久草精品视频 | 在线视频一区二区三区三区不卡 | 欧美另类性视频在线看 | 国产真真人女人特级毛片 | 成在线人永久免费播放视频 | 99九九精品视频 | 成人网18免费看 | 国产在线播放一区二区 | 色悠久久久久综合网伊人男男 | 瑟瑟网站在线观看 | 岛国在线永久免费视频 | 国产高清国产专区国产精品 | 亚洲欧美在线看 | 99在线精品视频在线观看 | 激情丝袜美女视频二区 | 顶级毛片在线手机免费看 | 91久久在线 | 国内真实愉拍系列情侣自拍 | 黄色作爱 | 波多野结衣一区二区三区高清在线 | 免费播放美女一级毛片 | 欧美日韩亚洲第一页 | 精品在线观看一区 | 精品国产高清不卡毛片 | 精品少妇一区二区三区视频 |