Leju Establishes Partnership with Zillow Companies to Connect Chinese Home Buyers with U.S. Real Estate Properties and Professionals
SHANGHAI, April 2, 2014 /PRNewswire-FirstCall/ -- E-House (China) Holdings Limited (NYSE: EJ), a leading real estate services company in China, today announced that an affiliate of its subsidiary Leju Holdings Limited ("Leju"), a leading provider of real estate online services in China, has signed a partnership agreement with Zillow, Inc. ("Zillow") (NASDAQ: Z), a leading real estate information marketplace in the U.S., to build a co-branded website, bridging the leading U.S. real estate information platform with home buyers in China who are interested in overseas purchases. Zillow® is the leading real estate information marketplace dedicated to helping people find vital information about homes and connect with the best local professionals. Additionally, Zillow operates the most popular suite of mobile real estate apps in the United States.
Under the agreement, Leju will add a "U.S. property" search box within the primary navigation bar on its website, while Zillow will create a co-branded website connecting both sites, through which Leju users can be directed to Zillow's home information search platform in the United States. In addition, Leju will have the right to place display advertising on the co-branded website.
Mr. Geoffrey Yinyu He, Leju's CEO, said, "We're very pleased to establish a partnership with Zillow. This cooperation offers a search platform for Chinese buyers interested in real estate investment in the U.S. and provides an additional sales channel for U.S. brokers to tap into the huge pool of Chinese customers. I hope this is the beginning of a long-term and fruitful partnership with Zillow."
E-House (China) Holdings Limited ("E-House") (NYSE: EJ) is China's leading real estate services company with a nationwide network covering approximately 255 cities. E-House offers a wide range of services to the real estate industry, including online advertising and e-commerce, primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion and real estate investment management services. E-House has received numerous awards for its innovative and high-quality services, including "China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies and "China Enterprises with the Best Potential" from Forbes. For more information about E-House, please visit http://www.ehousechina.com.
Safe Harbor: Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "intend," "confident," "is currently reviewing," "it is possible," "subject to" and similar statements. Among other things, the quotations from management in this press release, as well as E-House's strategic and operational plans, contain forward-looking statements. E-House may also make written or oral forward-looking statements in its reports filed or furnished with the U.S. Securities and Exchange Commission, including Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about E-House's beliefs and expectations, are forward-looking statements and are subject to change. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained, either expressly or impliedly, in any of the forward-looking statements in this press release. Potential risks and uncertainties include, but are not limited to, a severe or prolonged downturn in the global economy, E-House's susceptibility to fluctuations in the real estate market of China, government measures aimed at China's real estate industry, failure of the real estate services industry in China to develop or mature as quickly as expected, diminution of the value of E-House's brand or image, E-House's inability to successfully execute its strategy of expanding into new geographical markets in China, E-House's failure to manage its growth effectively and efficiently, E-House's failure to successfully execute the business plans for its strategic alliances and other new business initiatives, E-House's loss of its competitive advantage if it fails to maintain and improve its proprietary CRIC system or to prevent disruptions or failure in the system's performance, E-House's failure to compete successfully, fluctuations in E-House's results of operations and cash flows, E-House's reliance on a concentrated number of real estate developers, natural disasters or outbreaks of health epidemics and other risks outlined in E-House's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and E-House does not undertake any obligation to update any such information, except as required under applicable law.
For investor and media inquiries please contact:
E-House (China) Holdings Limited
Phone: +86 (21) 6133-3937
Ogilvy Financial, Beijing
Phone: +86 (10) 8520-3073
In the United States:
Mr. Justin Knapp
Ogilvy Financial, U.S.
Phone: +1 (616) 551-9714
SOURCE E-House (China) Holdings Limited