IN BRIEF (Page 14)

SouFun plans IPO

SouFun, China's top real estate website, is eyeing an initial public offering next year in Hong Kong or the United States if the global economy recovers, Chairman Vincent Mo said yesterday.

Australia's largest telephone firm, Telstra Corp Ltd, holds a 51 percent stake in the property portal. Other shareholders include the US venture capital heavyweight IDG and Mo himself. SouFun is aiming for profit growth of 50 percent in 2009, but Mo said this might prove to be a conservative target.