Foreign media quoted informed sources as saying that Chinese rental platform Ziru is considering a Hong Kong IPO (Initial Public Offering), with plans to list as early as this year and is expected to raise up to $1 billion. The sources said that Ziru is preparing for its listing with investment banks including CITIC Securities, Goldman Sachs and Morgan Stanley, and is expected to submit its prospectus to the Hong Kong Stock Exchange as early as April, aiming to list in Hong Kong this year. According to public information, Ziru was originally an internal startup platform of Lianjia. In October 2011, Ziru officially established its business division under Lianjia. Later in June 2016, Ziru separated from Lianjia and operated independently. Up to now, Ziru has expanded its business to 10 cities, serving nearly 500,000 property owners, 5 million Ziru tenants and managing more than 1 million housing units. Ziru has gone through multiple rounds of financing, and its investors include: SoftBank Vision Fund, Dayue Capital, HongShan China, Tencent Investment, General Atlantic, Peak Fountain Capital, New Hope Group, Sunac China, Warburg Pincus, K11 Investment, Straits Private Equity Fund, Source Code Capital, H Capital, China Renaissance New Economy Fund, etc. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting and Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same actual controller and are managed under the one-China principle, complying with the laws of Hong Kong and mainland China.