Date
17 December 2017

Ganji may seek IPO if beneficial, paper says

China’s largest classified information portal, Ganji.com, will consider an initial public offering if it will benefit the company, Securities Daily reported Wednesday, citing chief executive Yang Haoyong. Ganji is expected to report hundreds of millions of yuan in net profit this year, Yang was quoted as saying. In February, Ganji recorded a daily average of 3.4 million visitors who used the website to look for apartments. About 53 percent used mobile terminals to access the service, the report said. Yang expects Ganji to be among the top leaders in the domestic property and recruitment information business. However, it has no immediate plans to partner with Chinese internet giants such as Alibaba Group, Baidu Inc. and Tencent Holdings (00700.HK), the report said.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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