Tuesday, September 05, 2006

Telstra Buys China's SouFun

From iTnews:

"Australian telecoms giant Telstra has paid US$254 million to buy a controlling stake in Chinese website SouFun.com, the company announced today.

SouFun is a news and information portal and business directory aimed at China's real estate sector and related markets. An approximate transliteration of the Chinese words for 'house search', SouFun has tapped into a booming real estate sector and a growing home improvement market in the nation of more than 1.2 billion people."

2 Comments:

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At 10:08 AM, Anonymous generic viagra said...

That was a huge business, they paid a lot of money on that transaction.

 

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