Chinese classified information website officially announced that the company has acquired the real estate information website for USD267.01 million in cash and stock.

After the acquisition, will establish a real estate business cluster to integrate the real estate businesses of and and the company will develop a full-sector business covering new homes, second-hand homes, and the rental business. The new structure will not affect the existing team of The website will be able to maintain its website and app as well as its brand independence. Meanwhile, will allocate USD10 million to launch a limited stock incentive program for employees. will reportedly appoint its senior vice president Zhuang Jiandong as president of the new real estate business cluster. Liang Weiping, founder and former CEO of, will continue to be chief consultant of the group to realize a stable transition between the two parties. At the same time, Liang will start a new business.

According to Yao Jinbo, CEO of, has market advantages in first- and second-tier cities, especially in coastal cities. With the acquisition, will provide more home choices to users and better online promotion services to realtors and developers.


Please enter your comment!
Please enter your name here