Huizhaofang Announces Tencent Investment Lead, Source Code Capital Follows On
Tackling Two Major Pain Points in the Rental Housing Market
On July 5, online rental platform Huizhaofang announced it has brought in Tencent Investment. This round was led by Tencent, with Source Code Capital participating. The funds will be used to further expand market reach and housing inventory, improve transaction efficiency, rapidly consolidate core resources across the rental market, and accelerate growth. Cygnus Equity served as the exclusive financial advisor for this round.
Following the completion of this new funding round, Huizhaofang will, on one hand, build on its apartment-focused SaaS management platform "Hui Guan Fang" to provide online leasing service solutions for apartment operators — integrating modular functions covering leasing, management, finance, services, and marketing analytics, tailored to different types of apartment business workflows. On the other hand, it will connect directly with users, openly partnering with local lifestyle service providers and smart hardware vendors. This ensures every tenant has access to genuine, accurate property information while meaningfully improving their living experience — truly helping renters live better.
Huizhaofang CEO Lei Li noted that China's annual real estate transaction volume is approximately 15 trillion RMB, with the rental market alone exceeding 1 trillion RMB and continuing to grow rapidly.
Going forward, Huizhaofang will operate as a fully open platform, focusing on solving two key pain points in the rental housing market. First, it will genuinely adopt the renter's perspective, serving users' core needs by providing a massive inventory of verified listings through direct SaaS connections — addressing issues of listing authenticity and tenant safety. Second, it will connect with branded apartment operators, comprehensively empowering and supporting the growth of small and mid-sized apartment brands, and guiding the healthy development of the entire residential services industry chain.
More Funding News
RELX Closes 38 Million RMB Angel Round Led by Source Code Capital
Edianzu Completes $32 Million Series C Round Led by Source Code Capital
Zhangshang Fucai Raises 20 Million RMB Angel Round from Source Code Capital and Buhuo Ventures
Source Code Capital Portfolio Company Qudian Successfully Lists on NYSE
Cijinrong Announces Completion of 65 Million RMB Series A Round Led by Source Code Capital
Source Code Capital
Creating Lasting, Real Value
WeChat ID:
sourcecodecapital
More Professional Content
Follow Our Official WeChat