Financials / Deals


Fang drops plan to switch listing to Shanghai

Fang drops plan to switch listing to Shanghai

The deal is off! Fang Holdings (NYSE: SFUN), operator of Soufun.com, a leading real estate site in China, announced on Febr. 21 that it had shelved a plan to move its listing from the NYSE to Shanghai Stock Exchange (SSE) on mainland China, where the share would most likely have been given a higher valuation by investors.


Domain unbundling confirmed, as H1 revenue rises

Domain unbundling confirmed, as H1 revenue rises

Greg Hywood, chief executive and managing director of Fairfax Media, confirmed today that the unbundling of Domain Group, its real estate business, from Fairfax Media, will go ahead, and that Antony Catalano will be CEO of the listed Domain Group.


Domain to spin off from Fairfax Media and list

Domain to spin off from Fairfax Media and list

In Australia, Fairfax Media looks set to spin off Domain Group, its real estate business, as a separately listed entity on the Australian Securities Exchange (ASX). Earlier today, Fairfax Media issued notice of a halt in the trade of its shares on the ASX.


Explosive growth for Rakuten’s c-to-c sites

Explosive growth for Rakuten’s c-to-c sites

Rakuten Inc., Japan’s biggest e-commerce company, is expected to keep its focus on improving Rakuma and Fril, its two c-to-c brands, in Japan, after the two sites' phenomenal growth in gross merchandise sales (GMS) in 2016.



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