Fosun International is in talks to acquire Cushman & Wakefield, according to Bloomberg.
The Shanghai-based firm, owned by Chinese billionaire Guo Guangchang, was one of several companies to show interest in C&W, which is seeking £1.3bn from the deal.
Last month the agency had hired Goldman Sachs and Morgan Stanley to seek potential buyers.
C&W reported record results last year, with net income rising by 33% to £41m.
