IDG Capital and the Carlyle Group have agreed to invest as much as US$1 billion in Chinese real estate online portal SouFun Holdings Limited, according to a company announcement. The pair, together with SouFun's founder and CEO Vincent Mo, are to purchase SouFun's newly issued shares at US$7.45 per American Depository Share (ADS), a 3% […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.