The company provides marketing and listing services primarily to suppliers of home furnishing and improvement products and services, as well as to home design, decoration, and remodeling companies. It offers customized marketing packages and two main types of marketing contracts: framework contracts and order contracts. Listing services include basic listing services retained by the company and special listing services operated by CIH, which have been classified under discontinued operations. Revenues from listing services were $13.1 million in 2022, $7.7 million in 2023, and $4.7 million in 2024. Customers such as real estate agents, brokers, managers, developers, owners, and suppliers subscribe to basic listing services to post listings for properties or home furnishing and improvement products and services. Subscription contracts typically last one to three months, with payments collected before signing or in installments for longer terms. Free trials are offered to encourage upgrades to paid subscriptions, with paying subscribers averaging around 20,000.
Fang Holdings Ltd's Comment on Supply Chain
The company provides marketing and listing services primarily to suppliers of home furnishing and improvement products and services, as well as to home design, decoration, and remodeling companies. It offers customized marketing packages and two main types of marketing contracts: framework contracts and order contracts. Listing services include basic listing services retained by the company and special listing services operated by CIH, which have been classified under discontinued operations. Revenues from listing services were $13.1 million in 2022, $7.7 million in 2023, and $4.7 million in 2024. Customers such as real estate agents, brokers, managers, developers, owners, and suppliers subscribe to basic listing services to post listings for properties or home furnishing and improvement products and services. Subscription contracts typically last one to three months, with payments collected before signing or in installments for longer terms. Free trials are offered to encourage upgrades to paid subscriptions, with paying subscribers averaging around 20,000.
Sources:
Fang Holdings Ltd's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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