NYSE-listed Chinese real estate service provider E-House yesterday announced the completion of the merger with China Real Estate Information Corporation (NASDAQ: CRIC).

CRIC now became a wholly owned subsidiary of E-House after the merger.

Zhou Xin, co-chairman and CEO of E-House commented on the deal saying that it was overwhelmingly supported by the boards and shareholders of both sides. The housing portal’s strategy of providing innovative and comprehensive solutions to its clients inspires the company to deliver on its aspirations. Last year, E-House established a new service platform that integrates online advertising, offline promotion, on-site sales and online transaction capabilities. The platform has effectively connected real estate buyers, developers and brokers, bringing along enhanced customer sourcing for developers and improved value for buyers.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.