China.com Forms Strategic Partnership with China's Leading Real Estate Website.SouFun Obtains Exclusive Advertising Rights for China.com's Real Estate Channel BEIJING -- China.com, a leading Internet services provider in China and a Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. listed subsidiary of CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : China) today announced that it has formed a strategic partnership with SouFun, one of China's leading real estate websites. Under the terms of the agreement, SouFun will purchase exclusive rights for one year to sell advertisements on the real estate channel of China.com and organize marketing events for advertisers across China. SouFun also has the option to extend the contract beyond the initial one-year term. As part of the strategic partnership, the two companies will leverage their extensive resources to promote and support their services with the mutual goal of increasing brand equity for both companies. SouFun is a 51% owned company of Telstra, Australia's leading telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and information services See Information Systems. company that is listed in the Fortune Global 500. Founded in 1999, SouFun.com claims to be China's number one real estate website and one of the world's top 100 online destinations with over 44 million user visits and 1.3 billion page views each month. SouFun has one of China's most comprehensive databases of new and pre-owned homes, homes to rent, and home furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. and fittings information. In December 2005, the company was named by Alexa as one of "the 100 most commercial valued websites in China" for the second time. It was the only real estate site in the top 100. Today, SouFun.com covers 56 cities throughout China, with plans to expand to 100 cities by 2008. "We are pleased to add SouFun as a distinguished advertising client and an important strategic partner," said Xiaowei Chen, Ph.D., president of China.com. "More and more companies are realizing that the platform and brand equity of China.com provide a powerful combination to promote their products and services in China. We will continue to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the fast growing China economy and maintain our portal's robust growth." "We are pleased to expand our coverage through China.com," said Mo Tianquan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SouFun. "China.com has a huge professional user base with a high level of education and income. We believe this strategic partnership and our recent agreement will significantly expand our target audience and consolidate our leading position as China's number one real estate website." About China.com Inc. China.com is a leading operator of Internet portals serving a broad range of audiences in China. In 2006, the company was chosen as the first to host Google's Video Adsense, serving video ads targeted at China's English-speaking audience. China.com has also been appointed by the Jilin Government as the exclusive web sponsor of the 2007 Asian Winter Games The Asian Winter Games is a multisport event like the Winter Olympic Games which features the winter events. The Japanese national Olympic committee first suggested the idea of holding a winter version of the Asian Games in 1982. . China.com was listed on the GEM of the Stock Exchange of Hong Kong Stock Exchange of Hong Kong (SEHK) Only stock exchange located in Hong Kong. Limited on March 9, 2000. In December 2000, China.com Inc. was admitted as a constituent stock of the Hang Seng Hang Seng An index of the leading stocks on the Hong Kong stock market. Notes: The Hang Seng Index (HSI) comprises different stocks that are representative of the whole Hong Kong market. See also: DAX, Index, Nikkei, S&P 500 IT and IT Portfolio Indices. About SouFun.com Founded in 1999, SouFun.com is China's number one real estate web site and one of the world's top 100 online destinations. Each month over 44 million users visit SouFun.com, with over 1.3 billion page views conducted as people access China's most comprehensive database of new and pre-owned homes, homes to rent, and home furnishings and fittings information. Today, SouFun.com covers 56 cities throughout China, with plans to expand to 100 cities by 2008. In August 2006, Telstra, Australia's leading telecommunications and information services company, acquired a 51% shareholding of SouFun. This acquisition provided Telstra with a strategic entry point into China, and further growth opportunities for Telstra's advertising subsidiary, Sensis. Sensis and SouFun continue to work closely to enhance the value SouFun delivers to advertisers and users of the web site. About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net. Cautionary Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release includes "forward-looking statements" within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements include statements to the partnership between China.com and SouFun, future cooperation between the two companies, the prospect that such partnership will contribute to the growth of the China.com portal, and the continued growth of China's economy. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward-looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward-looking statements whether as a result of new information, future events or otherwise. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion