Zil­low to of­fer US real-es­tate list­ings

China Daily (Canada) - - NEWSCAPSULE -

Zil­low Inc, a ma­jor US on­line real-es­tate ser­vice, has formed a part­ner­ship with Chi­nese realestate por­tal Bei­jing Yisheng Leju In­for­ma­tion Ser­vices Inc to launch a jointly branded web­site in China this sum­mer.

The site will give home­buy­ers ac­cess to Zil­low’s more than 2 mil­lion US property list­ings trans­lated into Chi­nese.

As the sec­ond-largest source of for­eign pur­chases of US homes be­hind Canada, China is “a mar­ket with tremen­dous in­ter­est in the United States,” Er­rol Sa­muel­son, Zil­low’s chief in­dus­try de­vel­op­ment of­fi­cer, told China Daily in an in­ter­view. “We ex­pect the Chi­nese buy­ers to be more im­por­tant and more in­flu­en­tial in the com­ing two years than they were even in the pre­vi­ous two years.”

Fi­nan­cial terms of the part­ner­ship were not dis­closed.

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