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Soufun.com Prepares For Hong Kong Listing
November 29, 2007 |
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Mo Tianquan, president and CEO of Chinese online real estate service provider Soufun.com, has told Hong Kong media that Soufun.com plans to get listed in Hong Kong next year and the company has already begun to make preparations for this.
Mo says that Soufun.com has set up branches in 75 cities across China, and it plans to bring the number to 100 by next year. According to Mo, in the past three years, the business revenue and profit of Soufun.com have both increased by over 100% annually and this growth is expected to continue.
As Soufun.com's business spans the two popular industries of real estate and Internet, the listing of Soufun.com is believed to bring great impact to both industries. Established in 1999, Soufun.com has received venture capital investment from IDG, Goldman Sachs, Trader Classified Media and Telstra. At present, Telstra is the largest shareholder of Soufun.com.
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