{"id":380609,"date":"2020-11-13T04:24:51","date_gmt":"2020-11-13T09:24:51","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380609"},"modified":"2020-11-13T04:24:51","modified_gmt":"2020-11-13T09:24:51","slug":"fang-announces-third-quarter-2020-unaudited-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/","title":{"rendered":"Fang Announces Third Quarter 2020 Unaudited Financial Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Nov. 13, 2020<\/span> \/PRNewswire\/ &#8212; Fang Holdings Limited (NYSE: SFUN) (&#8220;Fang&#8221; or the &#8220;Company&#8221;), a leading real estate Internet portal in <span class=\"xn-location\">China<\/span>, today announced its unaudited financial results for the third quarter ended <span class=\"xn-chron\">September 30, 2020<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <u>Third Quarter 2020 Highlights<\/u><br \/>\n        <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Total revenues<\/b> were <span class=\"xn-money\">$56.7 million<\/span>, a decrease of 16.1% from <span class=\"xn-money\">$67.6 million<\/span> in the corresponding period of 2019. <\/li>\n<li>\n          <b>Operating income from continuing operations <\/b>was <span class=\"xn-money\">$17.7 million<\/span>, a decrease of 33.7% from <span class=\"xn-money\">$26.7 million<\/span> in the corresponding period of 2019. <\/li>\n<li>\n          <b>Net income <\/b>was <span class=\"xn-money\">$10.9 million<\/span>, an increase of 1,393.3% from <span class=\"xn-money\">$0.7 million<\/span> in the corresponding period of 2019.<\/li>\n<\/ul>\n<p>\n        <b><br \/>\n          <u>Third Quarter 2020 Financial Results<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b>Revenues<\/b>\n      <\/p>\n<p>Fang reported total revenues of <span class=\"xn-money\">$56.7 million<\/span> in the third quarter of 2020, a decrease of 16.1% from <span class=\"xn-money\">$67.6 million<\/span> in the corresponding period of 2019, mainly due to the decrease in revenues from listing services. \u00a0\u00a0<\/p>\n<ul type=\"disc\">\n<li>\n          <b>Revenue from marketing services<\/b> was <span class=\"xn-money\">$30.3 million<\/span> in the third quarter of 2020, which remained relatively stable with <span class=\"xn-money\">$30.0 million<\/span> in the corresponding period of 2019. <\/li>\n<li>\n          <b>Revenue from listing services<\/b> was <span class=\"xn-money\">$10.1 million<\/span> in the third quarter of 2020, a decrease of 48.2% from <span class=\"xn-money\">$19.4 million<\/span> in the corresponding period of 2019, mainly due to the decrease in the number of paying customer. <\/li>\n<li>\n          <b>Revenue from leads generation services<\/b> was <span class=\"xn-money\">$12.9 million<\/span> in the third quarter of 2020, a decrease of 8.2% from <span class=\"xn-money\">$14.1 million<\/span> in the corresponding period of 2019. <\/li>\n<li>\n          <b>Revenue from financial services<\/b> was <span class=\"xn-money\">$1.9 million<\/span> in the third quarter of 2020, an increase of 9.0% from <span class=\"xn-money\">$1.7 million<\/span> in the corresponding period of 2019, mainly due to an increase in average loan receivable balances.<\/li>\n<\/ul>\n<p>\n        <b>Cost of Revenue<\/b>\n      <\/p>\n<p>Cost of revenue was <span class=\"xn-money\">$5.1 million<\/span> in the third quarter of 2020, a decrease of 11.0% from <span class=\"xn-money\">$5.7 million<\/span> in the corresponding period of 2019, primarily due to optimization in cost structure.<\/p>\n<p>\n        <b>Operating Expenses<\/b>\n      <\/p>\n<p>Operating expenses were <span class=\"xn-money\">$35.1 million<\/span> in the third quarter of 2020, a decrease of 3.9% from 36.5 million in the corresponding period of 2019, mainly due to the decrease in staff related costs.<\/p>\n<ul type=\"disc\">\n<li>\n          <b>Selling expenses<\/b> were <span class=\"xn-money\">$15.1 million<\/span> in the third quarter of 2020, which remained relatively stable with <span class=\"xn-money\">$14.8 million<\/span> in the corresponding period of 2019. <\/li>\n<li>\n          <b>General and administrative expenses<\/b> were <span class=\"xn-money\">$20.0 million<\/span> in the third quarter of 2020, a decrease of 7.8% from <span class=\"xn-money\">$21.7 million<\/span> in the corresponding period of 2019, mainly due to the decrease in staff related costs.<\/li>\n<\/ul>\n<p>\n        <b>Operating Income from Continuing Operations<\/b>\n      <\/p>\n<p>Operating income from continuing operations was <span class=\"xn-money\">$17.7 million<\/span> in the third quarter of 2020, a decrease of 33.7% from <span class=\"xn-money\">$26.7 million<\/span> in the corresponding period of 2019, mainly due to the decrease in total revenue. <\/p>\n<p>\n        <b>Change in Fair Value of Securities <\/b>\n      <\/p>\n<p>Change in fair value of securities for the third quarter of 2020 was a gain of <span class=\"xn-money\">$19.4 million<\/span>, compared to a loss of <span class=\"xn-money\">$26.1 million<\/span> in the corresponding period of 2019, mainly due to the fluctuation in market price of investments in equity securities.<\/p>\n<p>\n        <b>Income Tax Expenses<\/b>\n      <\/p>\n<p>Income tax expenses were <span class=\"xn-money\">$19.2 million<\/span> in the third quarter of 2020, compared to income tax benefits of <span class=\"xn-money\">$0.1 million<\/span> in the corresponding period of 2019, mainly due to the effect of change in fair value of equity securities.<\/p>\n<p>\n        <b>Net Income<\/b>\n      <\/p>\n<p>Net income was <span class=\"xn-money\">$10.9 million<\/span> in the third quarter of 2020, an increase of 1,393.3% from net income of <span class=\"xn-money\">$0.7 million<\/span> in the corresponding period of 2019.<\/p>\n<p>\n        <b>Business Outlook<\/b>\n      <\/p>\n<p>Based on current operations and market conditions, Fang&#8217;s management predicts a positive net income for the year of 2020, which represents management&#8217;s current and preliminary view and is subject to change.<\/p>\n<p>\n        <b><br \/>\n          <u>Conference Call Information<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Fang&#8217;s management team will host a conference call on the same day at <span class=\"xn-chron\">7:00 AM<\/span> U.S. EST (<span class=\"xn-chron\">8:00 PM<\/span> Beijing\/<span class=\"xn-location\">Hong Kong<\/span> time). The dial-in details for the live conference call are:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>International Toll:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+65 67135600<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Toll-Free\/Local Toll:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">United States<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+1 877-440-9253 \/ +1 631-460-7472<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Hong Kong<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+852 800-906-603 \/ +852 3018-6773<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mainland China<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+86 800-870-0075 \/ +86 400-120-0948 <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Direct Event Passcode<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1383200#<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Please <b>register in advance<\/b> of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode (1383200#) and unique registrant ID. Get prompted 10 min prior to the start of the conference. Enter the Direct Event Passcode above (1383200#), and your unique Registrant ID, followed by the pound or hash (#) sign to get into the call.<\/p>\n<p>Direct Event online registration: <u><a target=\"_blank\" href=\"http:\/\/apac.directeventreg.com\/registration\/event\/2585897\" rel=\"nofollow noopener noreferrer\"><u>http:\/\/apac.directeventreg.com\/registration\/event\/2585897<\/u><\/a><\/u><\/p>\n<p>A telephone replay of the call will be available after the conclusion of the conference call from <span class=\"xn-chron\">10:00 AM ET<\/span> on <span class=\"xn-chron\">November 13, 2020<\/span> through <span class=\"xn-chron\">7:59 AM ET<\/span><span class=\"xn-chron\">November 21, 2020<\/span>. The dial-in details for the telephone replay are:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>International Toll:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+61 2-8199-0299<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Toll-Free\/Local Toll:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">United States<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+1 855-452-5696 \/ +1 646-254-3697<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Hong Kong<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+852 800-963-117 \/ +852 3051-2780<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mainland China<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+86 400-602-2065 \/ +86 800-870-0206<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Conference ID:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2585897<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>A live and archived webcast of the conference call will be available on Fang&#8217;s website at\u00a0<u><a target=\"_blank\" href=\"http:\/\/ir.fang.com\/\" rel=\"nofollow noopener noreferrer\"><u>http:\/\/ir.fang.com<\/u><\/a><\/u>.<\/p>\n<p>\n        <b>About Fang<\/b>\n      <\/p>\n<p>Fang operates a leading real estate Internet portal in <span class=\"xn-location\">China<\/span> in terms of the number of page views and visitors to its websites. Through its websites, Fang provides primarily marketing, listing, leads generation and financial services for <span class=\"xn-location\">China&#8217;s<\/span> fast-growing real estate and home furnishing and improvement sectors. Its user-friendly websites support active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors in <span class=\"xn-location\">China<\/span>. Fang currently maintains approximately 74 offices to focus on local market needs and its website and database contains real estate related content covering 665 cities in <span class=\"xn-location\">China<\/span>. For more information about Fang, please visit <u><a target=\"_blank\" href=\"http:\/\/ir.fang.com\/\" rel=\"nofollow noopener noreferrer\"><u>http:\/\/ir.fang.com<\/u><\/a><\/u>.<\/p>\n<p>\n        <b>Safe Harbor Statements <\/b>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the &#8220;safe harbor&#8221; provisions of the U.S. Private Securities Litigation Reform Act of 1995.<\/p>\n<p>These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;is expected to,&#8221; &#8220;anticipates,&#8221; &#8220;aim,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;are likely to,&#8221; &#8220;estimates,&#8221; &#8220;may,&#8221; &#8220;should&#8221; and similar expressions, and include, without limitation, statements regarding Fang&#8217;s future financial performance, revenue guidance, growth and growth rates, market position and continued business transformation. Such statements are based upon management&#8217;s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Fang&#8217;s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, without limitation, the impact of Fang&#8217;s business development strategies, the impact of the COVID-19 pandemic, and the impact of current and future government policies affecting <span class=\"xn-location\">China&#8217;s<\/span> real estate market. Further information regarding these and other risks, uncertainties or factors is included in Fang&#8217;s filings with the U.S. Securities and Exchange Commission. Fang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.<\/p>\n<p>\u00a0<\/p>\n<p \/>\n<p \/>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Fang Holdings Limited<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Unaudited Condensed Consolidated Balance Sheets<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>(in thousands of U.S. dollars, except share data and per share data)<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"prngen4\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>ASSETS<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>September 30,<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>December 31,<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>2020<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>2019<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Current assets:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Cash and cash equivalents<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">111,848<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">105,282<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Restricted cash, current<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">229,168<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">219,096<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Short-term investments<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">253,135<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">194,720<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Accounts receivable, net <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">98,999<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">66,379<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Funds receivable<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">4,514<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">8,372<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Prepayment and other current assets <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">32,494<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">31,509<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Commitment deposits<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">193<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">188<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Loans receivable, current<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">73,899<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">60,490<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Amounts due from related parties<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">744<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">644<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total current assets\u00a0 <\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>804,994<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>686,680<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Non-current assets:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Property and equipment, net<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">693,219<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">695,457<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Deferred tax assets<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">3,145<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">6,570<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Deposits for non-current assets<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">499<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">618<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Restricted cash, non-current portion<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">44,086<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">42,452<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Long-term investments<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">246,462<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">341,946<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Other non-current assets<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">38,496<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">39,179<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total non-current assets<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,025,907<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,126,222<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total assets <\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,830,901<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,812,902<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Current liabilities:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Short-term loans <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">300,301<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">264,624<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Short-term bond payable<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">106,209<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">102,779<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Deferred revenue<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">132,895<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">134,143<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Accrued expenses and other liabilities<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">112,971<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">120,244<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Customers&#8217; refundable fees<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">3,915<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">4,981<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Income tax payable<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">14,733<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">4,207<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Amounts due to related parties<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">12,472<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">9,227<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total current liabilities <\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>683,496<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>640,205<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Non-current liabilities:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Long-term loans<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">150,299<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">184,158<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Convertible senior notes<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">168,452<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">168,929<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Deferred tax liabilities<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">95,985<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">90,723<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Other non-current liabilities<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">114,049<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">138,435<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total non-current liabilities<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>528,785<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>582,245<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total Liabilities\u00a0\u00a0 <\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,212,281<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,222,450<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Equity:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Class A ordinary shares, par value Hong Kong Dollar (&#8220;HK$&#8221;) 1 per share,<br \/>600,000,000 shares authorized for Class A and Class B in aggregate, issued <br \/>shares as of December 31, 2019 and September 30, 2020: 71,775,686 and \u00a0\u00a0<\/span>\n                <\/p>\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">71,775,686; outstanding shares as of December 31, 2019 and September <br \/>30, 2020: 65,403,527 and 65,715,527<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">9,244<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">9,244<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Class B ordinary shares, par value HK$1 per share, 600,000,000 shares<br \/>authorized for Class A and Class B in aggregate, and 24,336,650 shares<br \/>and 24,336,650 shares issued and outstanding as at December 31, 2019 <br \/>and September 30, 2020, respectively<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">3,124<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">3,124<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Treasury stock<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(117,183)<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(123,216)<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Additional paid-in capital<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">540,049<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">528,620<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Accumulated other comprehensive loss<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(75,247)<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(98,371)<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Retained earnings<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">257,939<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">270,358<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total Fang Holdings Limited shareholders&#8217; equity<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>617,926<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>589,759<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Non controlling interests<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">694<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">693<\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total equity<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>618,620<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>590,452<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>TOTAL LIABILITIES AND EQUITY <\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,830,901<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>1,812,902<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Unaudited Condensed Consolidated Statements of Comprehensive Income<b><sup>[i]<\/sup><\/b><\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>(in thousands of U.S. dollars, except share data and per share data)<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"6\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Three months ended<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n                \n              <\/td>\n<td class=\"prngen4\">\n                \n              <\/td>\n<td class=\"prngen4\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>September 30,<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>September 30,<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>2020<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>2019<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Revenues:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Marketing services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">30,273<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">29,993<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Listing services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">10,061<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">19,438<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Leads generation services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">12,948<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">14,099<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Financial services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,864<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,710<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Value-added services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,382<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,514<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">E-commerce services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">149<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">796<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total revenues<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>56,677<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>67,550<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Cost of revenues:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Cost of services<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(5,066)<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(5,694)<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Total cost of revenues<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>(5,066)<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>(5,694)<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Gross profit<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>51,611<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>61,856<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Operating expenses and income:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen7\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Selling expenses<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(15,077)<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(14,822)<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">General and administrative expenses<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(20,005)<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(21,688)<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Other income <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,191<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,385<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Operating income<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>17,720<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>26,731<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Foreign exchange (loss)\/income<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(5,138)<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">832<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Interest income<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">3,192<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">1,562<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Interest expense<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(5,527)<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(5,185)<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Investment income<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">460<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">2,068<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Realized gain on sale of available-for-sale <br \/>securities<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">&#8211;<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">711<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Change in fair value of securities<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">19,393<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(26,148)<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Government grants<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">72<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">44<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Income before income taxes and noncontrolling <br \/>interests<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>30,172<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>615<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Income tax expense<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Income tax (expense)\/benefit<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">(19,241)<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">117<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Net income<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>10,931<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>732<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Net income attributable to noncontrolling <br \/>interests<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">&#8211;<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">&#8211;<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Net income attributable to Fang Holdings Limited <br \/>shareholders<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>10,931<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>732<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <b>Earnings per share for Class A and Class B ordinary shares:<\/b><br \/>\n                  <\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen7\">\n                \n              <\/td>\n<td colspan=\"5\" class=\"prngen7\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Basic<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">0.12<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">0.01<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">Diluted<\/span>\n                <\/p>\n<\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">0.12<\/span>\n                <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\">0.01<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<td class=\"prngen6\">\n                \n              <\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntal prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                  <span class=\"prnews_span\"><br \/>\n                    <sup><br \/>\n                      <sup>[i]<\/sup><br \/>\n                    <\/sup> On June 19, 2020, a ratio change that had the same effect as a 1-for-10 reverse ADS split took effect, and <br \/>as a result, one ADS currently represents ten Class A ordinary shares.<\/span>\n                <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN91081&amp;sd=2020-11-13\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/fang-announces-third-quarter-2020-unaudited-financial-results-301172642.html\">http:\/\/www.prnewswire.com\/news-releases\/fang-announces-third-quarter-2020-unaudited-financial-results-301172642.html<\/a><\/p>\n<p>SOURCE  Fang Holdings Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN91081&amp;Transmission_Id=202011130421PR_NEWS_USPR_____CN91081&amp;DateId=20201113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BEIJING, Nov. 13, 2020 \/PRNewswire\/ &#8212; Fang Holdings Limited (NYSE: SFUN) (&#8220;Fang&#8221; or the &#8220;Company&#8221;), a leading real estate Internet portal in China, today announced its unaudited financial results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights Total revenues were $56.7 million, a decrease of 16.1% from $67.6 million in the corresponding period of 2019. Operating income from continuing operations was $17.7 million, a decrease of 33.7% from $26.7 million in the corresponding period of 2019. Net income was $10.9 million, an increase of 1,393.3% from $0.7 million in the corresponding period of 2019. Third Quarter 2020 Financial Results Revenues Fang reported total revenues of $56.7 million in the third quarter of 2020, a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fang Announces Third Quarter 2020 Unaudited Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380609","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fang Announces Third Quarter 2020 Unaudited Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fang Announces Third Quarter 2020 Unaudited Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BEIJING, Nov. 13, 2020 \/PRNewswire\/ &#8212; Fang Holdings Limited (NYSE: SFUN) (&#8220;Fang&#8221; or the &#8220;Company&#8221;), a leading real estate Internet portal in China, today announced its unaudited financial results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights Total revenues were $56.7 million, a decrease of 16.1% from $67.6 million in the corresponding period of 2019. Operating income from continuing operations was $17.7 million, a decrease of 33.7% from $26.7 million in the corresponding period of 2019. Net income was $10.9 million, an increase of 1,393.3% from $0.7 million in the corresponding period of 2019. 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Third Quarter 2020 Financial Results Revenues Fang reported total revenues of $56.7 million in the third quarter of 2020, a &hellip; Continue reading \"Fang Announces Third Quarter 2020 Unaudited Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-13T09:24:51+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN91081&amp;sd=2020-11-13","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Fang Announces Third Quarter 2020 Unaudited Financial Results","datePublished":"2020-11-13T09:24:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/"},"wordCount":1508,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN91081&amp;sd=2020-11-13","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/fang-announces-third-quarter-2020-unaudited-financial-results\/","name":"Fang Announces Third Quarter 2020 Unaudited Financial Results - 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