RIO DE JANEIRO, BRAZIL - With the latest capital contribution, the market value of QuintoAndar - the largest platform for renting, buying and selling real estate in Brazil - has increased from US$4 billion to US$5.1 billion. It lies behind only Nubank (US$30 billion) and Colombia's Rappi (US$5.25 billion) as the most valuable startups in Latin America.
The new investment is co-led by Tencent, the Chinese tech giant that owns the WeChat superapp and which invested in Beike Zhaofang, a Chinese proptech - as startups in the sector are called - that went public on the New . . .
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