A non-binding memorandum of understanding could be signed as early as today, two people with direct knowledge of the matter told Reuters.
The stakes can be valued at RMB6bn and RMB7bn (£776m to £900m), said one of the people, while the other source said Carlyle could pay up to RMB10bn.
Carlyle’s recent deals in China include a minority investment in Chinese online and mobile classified ad business Ganji.com.
The company provides listing across categories including recruitment, housing and local services to more than 350 Chinese cities.
Earlier this month AltAssets reported that Carlyle had raised $1.86bn for its International Energy Partners fund.
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