BEIJING, Dec. 22, 2014 /PRNewswire/ -- IFM Investments Limited (NYSE: CTC) ("Century 21 China Real Estate" or the "Company"), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China, today announced that it has signed two memorandums of understanding, with Yinhu.com, an online financing platform funded by Panda Fireworks Group, and Yooli.com, a leading money-management services provider, respectively, to provide online financial services in China.
"We're delighted to have developed these two partnerships, which we're confident will play a big role in the development of our mortgage credit loans business," said Donald Zhang, chairman and chief executive officer of Century 21 China Real Estate. "Both Yinhu.com and Youli.com recognize not just our expertise within the broader real estate sector, but also our unrivaled ability to connect creditors with a growing network of asset-backed mortgage borrowers. We're excited to share in both companies' growth."
About Century 21 China Real Estate
IFM Investments Limited ("Century 21 China Real Estate" or "CTC") is a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China. CTC primarily focuses on China's fast-growing and highly fragmented secondary real estate market, providing company-owned brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services. CTC has experienced substantial growth since it commenced operations in 2000, and received numerous awards and recognition as franchisor and real estate services provider for its service quality and business achievements. Century 21 China Real Estate became a public company in January 2010 and its ADSs, each of which represents 45 ordinary shares of CTC, currently trade on the New York Stock Exchange under the symbol "CTC". For more information about CTC, please visit http://www.century21cn.com/english.
Yinhu.com is an online financing platform, funded by the listed company Panda Fireworks Group (stock code: 600599). Yinhu Co., Ltd. was established in July 2014 with a registered capital of RMB 100 million.
Founded by a team with a wealth of experience both on Wall Street and in the Internet industry, Yooli.com is committed to providing safe, reliable, low-risk and stable money-management services to people who lack channels for investment.
For investor and media inquiries regarding Century 21 China Real Estate, please contact:
Steve Ye CFO IFM Investments Limited Phone: +86-10-6561-7788 E-mail: [email protected]