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Auction.com partners with Juwai.com to bring U.S. real-estate auctions to millions of Chinese buyers

BY DON GASPER Juwai.com, a China-based international property portal, and Auction.com, a leading online real-estate marketplace in the United States, have signed a partnership that will bring U.S. commercial real-estate auctions to investors from China. According to the two companies, the agreement will see U.S. real-estate listings from Auction.com advertised on Juwai.com in Chinese, where they...

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Alibaba hits back as luxury brands sue for counterfeit

BY DON GASPER Jack Ma Yun, the founder of Alibaba Group Holding Ltd., said on a visit to South Korea on May 19 that he regretted a lawsuit filed by French luxury fashion brands alleging his company turned a blind eye to counterfeit goods. The lawsuit was filed on May 15 in New York, by Gucci, Yves Saint Laurent and other brands owned by France’s Kering SA. It alleges that Alibaba, the world’s...

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China’s SouFun announces Q1 2015 results

BY DON GASPER SouFun Holdings Ltd, the leading real-estate Internet portal in China, is ready to face sharp decreases in its net income while it continues to expand its e-commerce business. “SouFun is aggressively penetrating into new home, resale and rental, and home furnishing transactions across China’s major cities.” said Vincent Mo Tianquan, the company’s chairman and...

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China’s E-House announces Q1 2015 results

BY DON GASPER E-House (China) Holdings Ltd., operator of one of China’s two major real-estate portals, earned revenue of $169.15 million (U.S.) in the first quarter of 2015, according to a company announcement made on May 19. This was a 3.6 percent increase on the previous year, beating analysts’ forecasts by $10.15 million. There was a net loss of $30,425 in the quarter, compared with net...

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Credifi lands $8 million

Credifi, a 2014 big-data startup that provides information and analytics on commercial real estate (CRE) properties and loans, has just received $8 million Series A funding from Our Crowd, Carmel Ventures and Battery Ventures. Based in New York City, Credifi provides real-time and large scale monitoring of loan and property markets.  Through its use of big-data analytics it facilitates...

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China’s 51job announces Q1 2015 results

Leading Chinese job board 51job Inc. on May 11 reported mixed results for its first quarter. Total revenue for the first quarter increased by 4.8 percent to RMB 458.1 million ($73.9 million U.S.), up from RMB 437.2 million for the same quarter in 2014, but fell short of management’s own guidance range of RMB 460-480 million. Online recruitment services revenue increased by 2.9 percent to...

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