Renren moves into property crowdfunding

US-based firm offers alternative investment channel, but will Chinese investors participate?

The world's first company to successfully crowdfund equity investment for real estate online is seeking a China market entry, backed by a Chinese social media company.

Fundrise, a Washington DC-based real estate investment crowdfunding company, received $27 million in funding from Beijing-based Renren Inc, Benjamin Miller, co-founder and chief executive officer of Fundrise, told China Daily.