(Yicai Global) Jan. 5 -- Real estate intelligent service provider '2Boss' received USD10 million in round-B financing. The company will use new funds for market development and research team building.
Kai-Hui Venture Capital led this round of financing, with Recruit capital partaking in the investment, online media outlet Lieyun reported. '2Boss' enables consumers to check housing prices for free. The App offers housing price assessment, takes communities as point of interest and employs Big Data and artificial intelligence technology.
After finishing collecting and arranging basic data, 2Boss now has the ability to use AI algorithms to get the most accurate market parameters for each community and city, and directly provide consumers suggestions of buying, holding, waiting and seeing, said Liu Yu, founder.
Since its launch in May 2016, 2Boss has developed a national community file covering 250,000 communities in 30 cities and including 65 percent of new home transactions and 80 percent of second-hand transactions data. In addition, it also introduced a broker version and developer version, covering 60,000 brokers and thousands of store managers.
To meet users' needs, 2Boss has introduced new functions like real-time forecast of housing prices for 30 days, evaluation of proprietors, monthly report of market prices in different cities and guides for buying houses. More than 10 million users have downloaded the app, it says.