Tag: China



E-House earnings up, profit down in Q2

E-House (China) Holdings Ltd. (NYSE: EJ) saw its revenue from online real-estate services increase by 34 per cent in the second quarter of 2015, the company announced on August 25. The company claims to be China’s leading real-estate services company with a nationwide network covering more than 260 cities. E-House offers a wide range of services to the real-estate industry, including real-estate online services through...

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BitAuto Q2 revenue up, profit down

BitAuto Q2 revenue up, profit down

BitAuto Holdings Ltd., operator of one of China’s two leading automotive websites, almost doubled during Q2 of 2015 year-over-year, but its profit fell. Revenue was RMB 1.01 billion ($162.2 million U.S.), a 92.5 percent increase from the corresponding period in 2014, according to unaudited results announced earlier this month. Non-GAAP profit in the same quarter was RMB 122.6 million ($19.8 million), compared to RMB124.2 million in Q2...

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58.com revenue up, profit down in Q2

Online marketplace 58.com Inc., China’s largest online marketplace serving local merchants and consumers, saw its revenue increase above expectations during the second quarter of the year, but a large increase in its operating expenses, primarily linked to the costs of marketing its 58 Home business, meant that it made a net loss overall. The company announced August 19 its unaudited financial results for the second...

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Zhaopin adds expatriate director to board

Zhaopin adds expatriate director to board

Zhaopin Ltd., a leading career platform in China focused on connecting users with relevant job opportunities through their career lifecycle, has announced the appointment of Peter Everingham to its Board of Directors. Jason Lenga, chairman of the Board of Zhaopin, said: “We are delighted to welcome Mr. Everingham to the Board. He will be a valuable addition to the team due to the depth of...

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Recruitment gains at China’s Zhaopin

Recruitment gains at China’s Zhaopin

Zhaopin Ltd., one of China’s job boards, Aug. 19 announced its unaudited financial results for the fourth quarter and for the fiscal year that ended June 30. The company is focused on connecting users with relevant job opportunities through their career lifecycle. Total revenue during the quarter increased by 18.9 percent to RMB 337.1 million ($54.4 million U.S.), exceeding the upper end of the company’s...

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Alibaba shows strong revenue growth

Moody’s Investors Service says that Alibaba Group Holding Ltd’s results for April-June 2015 — the first quarter of its 2016 fiscal year — support the company’s A1 issuer and senior unsecured debt ratings, and the stable outlook on the ratings. “Alibaba’s consistently strong revenue growth is in line with Moody’s expectations, and reflects the company’s success in growing transaction volumes in its China retail market...

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EBay sells unit to re-organize

Minutes before today’s split of EBay and PayPal, EBay has dumped its Enterprise unit for just short of $1 billion. The company helps run Ikea, Timberland and iRobot. The purchaser, a group that paid $925 million, includes private-equity firms Permira and Sterling Partners. EBay bought GSI Commerce for $2.4 billion in 2011 and converted it to the Enterprise business. The deal was supposed to help...

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EBay sells unit to reorganize

Minutes before today’s split of EBay and PayPal, EBay has dumped its Enterprise unit for just short of $1 billion. The company helps run Ikea, Timberland and iRobot. The purchaser, a group that paid $925 million, includes private-equity firms Permira and Sterling Partners. EBay bought GSI Commerce for $2.4 billion in 2011 and converted it to the Enterprise business. The deal was supposed to help...

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Juwai.com signs strategic U.S. deals

Juwai.com signs strategic U.S. deals

China’s No. 1 international real estate portal, Juwai.com, has entered into new partnerships with two U.S.-based real estate portals. This opens the door for U.S. listings in Chinese and provides easier access for Chinese investors to U.S. residential and commercial property. Earlier this month the Chinese company signed an exclusive agreement with California-based real estate portal Newhomefeed.com. The agreement considerably expands the U.S. company’s geographic...

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Sina joins group to buy back E-House

Sina joins group to buy back E-House

Just ten days after the announcement that two directors of leading real estate services company E-House (China) Holdings Ltd. were forming a consortium that proposed buying back all of the outstanding shares in the U.S.-listed company, one of China’s oldest and most famous online media companies, Sina Corporation, announced on June 19 that it was joining the consortium. This is a significant development that could...

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