Zillow to offer US real-estate listings
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.