E-House and Tencent announce Tencent's strategic investment in Leju E-House and Tencent Holdings announced that Tencent will acquire from E-House 15% of the equity interests on a fully diluted basis in Leju for US$180 million. Leju Holdings is a wholly owned subsidiary of E-House. The transaction is expected to close by the end of this month. Tencent will also subscribe additional shares in Leju's proposed initial public offering to maintain its 15% equity interest on a fully diluted basis.
E-House volatility elevated into Q3 and outlook E-House November call option implied volatility is at 86, December is at 30, January is at 27; compared to its 52-week range of 20 to 70, suggesting large near term price movement into the expected release of Q3 results on November 18.