Editorial Summary

Shanghai-based real estate services company E-House (China) Holdings Limited (NYSE: EJ) plans to generate US$175 million through an additional offering of American depositary shares, according to the company's January 17 filing with the US Securities and Exchange Commission. Credit Suisse and Merrill Lynch & Co. are underwriting the deal. E-House estimated that its total revenue would increase 75-105 percent year-on-year to reach US$210-240 million in 2008, in a January 10 statement announcing agreements to provide exclusive sales agent services to Chinese real estate developers China Vanke Co., Ltd., Neo-China (Group) Holdings Ltd. and Central China Real Estate Group (Jianye). E-House has more than 5,000 subscribers to its CRIC real estate database service, according to company CEO Xin Zhou.