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Tencent-Backed Beike Files U.S. IPO, Said to Aim for $2 Billion

Photographer: Giulia Marchi/Bloomberg

KE Holdings Inc., a Chinese online property platform backed by Tencent Holdings Ltd. that’s also known as Beike Zhaofang, filed for a U.S. initial public offering that could raise about $2 billion, people familiar with the matter said.

Beike filed with the U.S. Securities and Exchange Commission on Friday and listed a placeholder amount of $1 billion, an amount that’s typically subject to change. At $2 billion it would be the largest U.S. IPO by a Chinese firm in more than two years, according to data compiled by Bloomberg.