Company Overview
China Real Estate Information Corporation (or "CRIC") is a leading provider of real estate information, consulting, and online services in China. We began operations in 2006 as E-House (China) Holdings Limited's real estate information and consulting business unit, and in October 2009, merged with SINA Corporation's online real estate business following the completion of our initial public offering on the NASDAQ Global Market under the symbol "CRIC".
Initially created as an internal resource to support E-House's real estate services, the CRIC system is an advanced and comprehensive real estate information database and analysis system that we have been operating in-house since 2001. As of March 31, 2010, we provided real estate data through CRIC system in over 100 cities across China.
Our Internet operations, which were formerly SINA's online real estate business, provide region-specific real estate information, as well as access to online communities covering numerous cities across China. Going forward, we will maintain a business partnership with SINA that will create substantial synergies by providing our real estate developer clients access to SINA's large Internet user base and leveraging our database to provide unique content and our established relationships with real estate developers to attract more advertising clients for SINA's real estate websites.
Capitalizing on our one-of-a-kind CRIC system and China's largest real estate research and development team, we provide a broad range of real estate services, including subscription-based information services, customized consulting services, and online services to real estate consumers, developers, brokers, agents, product suppliers, material manufacturers, and other participants across the real estate industry value chain. We consistently strive to expand our coverage, services and operations, as well as to serve the evolving needs of our clients and capture growth opportunities in the real estate service industry.