Tag: fang


China’s property sites suffer under cooling measures

China’s property sites suffer under cooling measures

With cooling measures being implemented at the national and municipal level simultaneously, China’s previously overheated housing market in China has in the meantime gone into freefall, with some municipalities recording monthly year-on-year falls in new-home sales of up to 70 percent. Responding to the measures after their announcement last September, classifieds giant 58.com (NYSE: WUBA) foresaw the coming impact on the market correctly when it...

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Kunming Sinobright finally has 5i5j.com in pocket

The acquisition of 5i5j.com, an on- and offline real estate broker (Beijing 5i5j Real Estate Brokerage Co. Ltd.) by Kunming Sinobright Group, a nationwide department store operator, has finally been completed, the two parties announced. The deal was first announced in September 2016, but subsequently delayed on two separate occasions.

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Fang loses $170 million US in FY2016

Fang loses $170 million US in FY2016

Fang Holdings (NYSE: SFUN), operator of a leading real estate site in China, posted a net loss of $170 million U.S. in FY2016, up from a loss of just $15 million U.S in FY2015, despite a rise in revenue.

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Class action against China’s Fang dismissed

Class action against China’s Fang dismissed

Fang Holdings, operator of a leading real estate site in China which is listed on the New York Stock Exchange (NYSE: SFUN), announced on Nov. 11 that the U.S. District Court for the Central District of California had dismissed all claims of the plaintiffs in a securities class action against the company, and certain of its current and former officers.

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New acting CFO for China’s Fang

New acting CFO for China’s Fang

Fang Holdings, formerly known as SouFun Holdings and the operator of one of China's major real estate sites, announced on Sept. 22 the appointment of Lei Hua as acting chief financial officer.

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Fang gets new president and COO

Fang gets new president and COO

SouFun Holdings, operator of the leading Chinese real estate site now referred to as Fang, announced the appointment of Liu Jian as its new president.

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