First English Real Estate Search Engine Launches in China

(Framed by an intricate screen, the Forbidden City's grand Hall of Supreme Harmony above sits across broad courtyard in Beijing.)

BEIJING, May 26, 2008/Xinhua-PRNewswire/ -- Jipingmi.com, the leading real estate search engine in China, has officially launched an English version of the search.

Jipingmi.com collects real estate property listings from a variety of English property listing sources and organizes the results into one, easy to use, search platform.

Since the launch of Jipingmi.com (Mandarin for "How many square meters?" or "A few square meters") in late 2007, Jipingmi.com has rapidly emerged to be amongst the top players in the Chinese real estate search engine market.

Jipingmi.com now aims to open the platform to international users.Jipingmi Co-founder and VP Strategic Development, Alex Farfurnik said .Jipingmi.com will organize the foreign real estate market in China.

(Chinese ice sculpture at left)

"There are over 6 million foreigners living in China, and the number is constantly growing. All these people need housing solutions and often turn to the internet to look for related information.



"The number of websites that provide real estate listings is increasing rapidly as well. There are more and more Chinese and foreign companies aiming to target foreign clients.

"Currently the foreign real estate market in China is very fragmented and there is a growing need to organize this market. Altogether, this makes it a perfect time for Jipingmi to come in and assist the market by using its superior technology and industry knowledge to help and connect all sides: home seekers, foreign targeted companies and English websites in China." Mr. Farfurnik said.

Jipingmi Co-founder and Co-CEO, Guy Sivan said Jipingmi.com is designed specially to suit the unique needs of the foreign real estate market in China."The English version of Jipingmi.com was designed with the target market in mind. Understanding that the local knowledge of many foreigners is limited,



.jipingmi.com provides several creative features to assist home seekers including map-based navigation and housing complex information for housing complexes that are most relevant to foreigners. The Interface of .Jipingmi.com was completely redesigned and looks entirely different from the Chinese website in order to answer the unique needs of the foreigners In China." Mr. Sivan said.



(Photo at right shows a night view of a new Beijing development.)



Jipingmi.com is currently focusing on Beijing and is using this opportunity to provide special features for the Beijing 2008 Olympics, such as short-term rentals. It is estimated that around 500,000 foreigners will stay in Beijing during the Olympics.



About Jipingmi.com


http:www.jipingmi.com/ is China's leading real estate search engine. Jipingmi's crawler aggregates over 2 million property listings from more than 100 real estate websites in 21 cities in China into one easy-to-use website. Jipingmi.com is rapidly growing with over 5,000,000 page views per month and currently has over 180,000 registered users.

(Beijing 2008 Summer Olympics logo at right.
同一个世界同一个梦想 (One World, One Dream)The "Dancing Beijing" emblem, depicting a Chineseseal inscribed with the character "Jīng" (京, from the nameof the host city) in the form of a dancing figure. Courtesy Wikipedia.))

CONTACT:

Neil Vineberg of VINEBERG COMMUNICATIONS, +1-631-377-1494, orNews@VinebergCommunications.com; Ms. Julie, BD Manager, Julie@Meijob.comWeb Site: http://www.jipingmi.com/