Karst Peak Capital Limited (Karst Peak) has reported a notifiable interest in Qeeka Home (Qeeka). The shares were purchased through participation in Qeeka’s recent initial public offering. Based on Karst Peak’s filing dated 19th July, 2018, they own a ~5.35% stake in the company. The 64.7m shares were acquired at an average price of HKD 4.85 per share.

Qeeka is the largest online interior design and construction platform in China, with market share by GMV of ~26% in 2017. Their business connects over 7,500 interior design and construction service providers across 290 cities in China to over 50m monthly unique visitors. It provides value-added services to assist its users in selecting a service provider, reviewing the fee quote and finding financing options. The company was founded in 2007 and backed by Baidu. IPO in July 2018.

Karst Peak was founded by Adam Leitzes, who previously worked for Tiger Management. The firm had ~US$590m in assets under management as of March 2018.