China's largest classifieds website decided to transfer its key business to Tianjin Municipality, a new move to boost coordinated development of the Beijing-Tianjin-Hebei region.
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The Beijing-based Ganji.com signed a cooperation agreement with Tianjin Economic and Technological Development Area to transfer its key business, including recruitment, property rentals and the second-hand market, to the area.
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"The company hopes to develop itself further, enhance competitiveness, and boost business in the Beijing-Tianjin-Hebei region to provide better services for more users," said the firm's CEO, Yang Haoyong.
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The Craigslist-like Ganji.com, established in 2005, has opened branches in Shanghai, Guangzhou and Shenzhen. It covers recruitment, housing rentals, educational training, speed dating, and other lifestyle-related fields.
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Since President Xi Jinping called for integrated and coordinated development of the region around Beijing in February, many Internet companies like 58.com, Tencent and Douban.com have all settled in Tianjin.
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China's leading portal Sohu also moved its video business to Tianjin.
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Boasting cloud computing platforms, information portals, high-end e-commerce, and information security, the Tianjin Economic and Technological Development Area plays a major role in the region's coordinated development.Â