This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CRIC Announces Management Changes

SHANGHAI, Aug. 27, 2011 /PRNewswire-Asia-FirstCall/ -- China Real Estate Information Corporation ("CRIC" or the "Company") (NASDAQ: CRIC), a leading provider of real estate information, consulting and online services in China, today announced several management changes. Mr. Jun Luo, CRIC's director and co-president, has informed the Company's board of directors of his plan to resign from his positions to pursue a new business venture. The board has accepted his resignation.

"It was a very difficult decision for me to leave CRIC," said Mr. Luo. "I am grateful to Charles Chao and Xin Zhou for their guidance and support over the past three years. I also had the great privilege of working with a highly motivated and talented team of professionals. CRIC has, in a short period of time, become a leading real estate online platform in China. I am proud of our achievements and would have loved to continue my work there. However, the opportunity to start a new and exciting venture is impossible to resist. Although I am leaving CRIC and the real estate online industry, I wish CRIC continued success and will carry fond memories of my time there."

"Mr. Luo has made tremendous efforts and contributions to CRIC in the past three years," said Xin Zhou, CRIC's CEO and co-chairman. "He was instrumental in building CRIC's real estate online platform. Although we are sad to see him leave, we respect his decision and wish him success in his new venture."

Separately, CRIC announced the appointment of the following people as vice presidents: Mr. Yinyu He, Mr. Xinglong Cui, Mr. Xi Yang, Mr. Dong Wen and Mr. Haiping Ma. Mr. He is currently director of strategic planning for CRIC’s new home online division and will serve as head of CRIC’s online new home division. Mr. Cui is currently CRIC’s director of technology development and will continue his current role. Mr. Yang is currently chief editor for CRIC’s new home online division and will be responsible for all of CRIC’s online content. Mr. Wen joined CRIC recently and will serve as head of CRIC’s online home furnishing division. Before joining CRIC, Mr. Wen was Longhu Real Estate Inc.’s vice president and head of its Beijing commercial real estate division. Mr. Wen’s prior positions also include CEO of Lianlian Technology Corporation and B&Q Plc’s China senior vice president. Mr. Ma also joined CRIC recently and will assist Mr. Xin Zhou in leading CRIC’s e-commerce division. Before joining CRIC, Mr. Ma was director of business development at Shanda Online. Prior to that, Mr. Ma was senior manager of brand marketing and strategic planning divisions at Baidu Inc.

About CRIC

China Real Estate Information Corporation ("CRIC") (NASDAQ: CRIC) is a leading provider of real estate information, consulting and online services with a presence in over 160 cities across China. CRIC, a subsidiary of E-House ( China) Holdings Limited (NYSE: EJ), merged with the online real estate business of SINA Corporation (NASDAQ: SINA) upon the completion of CRIC's initial public offering and listing of its ADSs on the NASDAQ Global Select Market in October 2009. Leveraging its proprietary, advanced and comprehensive real estate information database and analysis system, CRIC provides a broad range of real estate-related services to all participants in the real estate value chain, including developers, suppliers, agents, brokers, service providers and individual consumers. CRIC's services include subscription-based information services, customized consulting services and online services through several real estate websites that provide region-specific real estate information and access to online communities. For more information about CRIC, please visit

For investor and media inquiries please contact:In China: Michelle YuanDirector, Investor RelationsChina Real Estate Information Corporation Phone: +86 (21) 6086-7369E-mail: Derek MitchellOgilvy Financial, BeijingPhone: +86 (10) 8520-6284E-mail: In the U.S.:Jessica Barist CohenOgilvy Financial, New YorkPhone: +1 (646) 460-9989E-mail:

SOURCE China Real Estate Information Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs