The venture will provide consumers with frequent updated information of nearly 50,000 real estate projects, over 3 billion images of on sale properties via house.sina.com.cn., the Sina real estate channel.
Notably, online property sales services are included in the new services. With application of advanced technologies, it will enable customers to communicate with building sellers via online video, image and audio. This service will be combined into the overall service solution for real estate developers for charge.
The Sina real estate channel is expected to generate more revenue for SINA Corporation.
SINA Corporation and E-House (China) respectively hold a 70% and 30% stake in the venture.
The two companies set up the venture on February 2008, hoping to create the largest online real estate portal in China.
From homeway.com, Page 1, Friday, April 11, 2008 info@SinoCast.Com
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