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...
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.
Beijing-based real estate site 5i5j.com published a code of “Eight Customer Service Commitments”, in a belated attempt to rebuild flagging consumer confidence in the platform.
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.
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.
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.
SouFun Holdings, operator of the Chinese real estate internet site Fang, has delayed its attempt to list on the Shanghai Stock Exchange, and the plan may be dead altogether.
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.
SouFun Holdings, a leading Chinese real estate internet platform which now refers to itself as "Fang", said its growth in Q1 of FY2016 was fuelled mainly by e-commerce.
Fang, the New York-listed provider of real estate sites, has become the latest Chinese company to seek a back-door listing at home.