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March 11, 2014
06:11 EDTSINA, EJE-House announces new strategic initiatives, joint venture with SINA
E-House (EJ) announced two new strategic initiatives that will expand the company's services to real estate related financial services and community value-added services. To establish the financial services platform, E-House plans to form a joint venture, together with SINA (SINA), Sequoia Capital China, and Yunfeng Capital. The joint venture will leverage E-House's vast home buyer data and SINA's huge number of high-end online users to launch a series of asset backed financial products, bridging individuals who have borrowing needs and those who have investment demands. The real estate financial service joint venture will be an important part of SINA's overall online financial services platform. E-House and SINA will each have a 42.5% stake in the new joint venture. E-House also announced today that it plans to form a joint venture with SINA, Focus Media Holding, and Shentong Express to provide online to offline community value-added services. The community-focused joint venture, of which E-House will have a 55% stake, will leverage SINA Weibo, WeMeet social network community online accounts, and mobile applications to reach consumers in local communities. Together with Focus Media's leading digital interactive media community networks and Shentong's logistical capabilities, the new joint venture aims to enable homeowners to find and connect with local service providers best suited to meet their "last mile" needs. In connection with the establishment of this community value-added service joint venture, E-House has signed a strategic cooperation agreement with Shanghai Shangfang Property Management and nine other leading property management companies in Shanghai. The new community value-added service joint venture will target approximately 500 communities currently served by those ten property management companies, reaching nearly one million residents with online to offline services.
News For EJ;SINA From The Last 14 Days
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February 2, 2016
13:52 EDTEJGIC Private reports 8.6% passive stake in E-House

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