SouFun Holdings Ltd., operator of China’s leading real-estate portal, saw its revenue increase by 25.4 percent year on year during the second quarter of 2015.

Revenue for the quarter came in at $210.9 million versus the analysts’ consensus estimate of $201 million.

Revenue from e-commerce services increased by 103.0 percent year-on-year to $158.4 million.

Net income attributable to SouFun’s shareholders was $16.2 million for the three months ended June 30, 2015, a 76.3 percent decrease from $68.2 million for the corresponding period in 2014.

Non-GAAP net income attributable to SouFun’s shareholders decreased by 77.4 percent year-on-year to $27.1 million.

The company expects revenue of $843.4 million during the 2015 fiscal year, compared with previous guidance of $808.3 million and the analysts’ consensus of $844.8 million.

Meanwhile, SouFun announced that it had on August 7th entered into memorandums of understanding with IDG China Capital Fund III LLP and Carlyle Group in which IDG, Carlyle and SouFun’s management (mainly founder and CEO Vincent Mo Tianquan) will invest a total amount no more than $1 billion U.S. (of which 50 percent will be convertible notes) to purchase the company’s new Class A ordinary shares and convertible notes.

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