Published: February 10, 1999

Use of this article without permission is a violation of federal copyright laws.

Apartments.com Introduced as First Online Apartment and Relocation Guide Translated into Chinese on SINANET.com

Apartments.com(www.apartments.com), a leading national online apartment and relocation guide, and SINA, Inc., the premier Internet portal for Chinese users worldwide, today announced the launch of Apartments.com as the preferred apartment service on SINA, Inc. North America web site, www.SINANET.com.

Now available at http://realestate.sinanet.com/, Apartments.com is the first national online apartment guide to be translated to Chinese and integrated into SINANET.com's wide range of information and service offerings. The Chinese language version of Apartments.com is the first foreign language web site for Apartments.com.

Under the agreement, users of SINANET.com will be able to take virtual tours of the 800,000 apartments represented by Apartments.com, reviewing hundreds of pieces of information, expandable floorplans, more than 40 exterior and interior photos and even video of many listings.

In addition, SINANET.com users will have access to the most current database of classified apartment ads provided by the 130+ U.S. newspapers affiliated with Apartments.com through the Classified Ventures, L.L.C. network, including The Washington Post, Los Angeles Times and Orlando Sentinel.

Apartments.com and SINANET.com have also introduced a Chinese version of the Moving Center (www.movingcenter.com), Apartments.com's one-stop relocation resource. The Moving Center enables consumers to arrange truck and furniture rental, calculate their salary in different cities, instantly check their credit report online, change their address and more.

"Our agreement with SINA, Inc. makes Apartments.com and the Moving Center more readily available to hundreds of thousands of Chinese-speaking consumers, many of whom will be looking for an apartment in the coming year," said Bruce Mitchell, president and general manager of Apartments.com. "By providing such in-depth visual ads and current classifieds from leading newspapers across the United States, Apartments.com will help them significantly reduce the time and effort spent looking for an apartment and finding the services needed to complete a move," he said.

"Apartments.com's listings and services will be a key addition to SINANET.com's extensive rental and home buying information,'' said Daniel Chiang, chairman and CEO of SINA, Inc. "SINANET.com now can give our huge population of Chinese Internet users the easiest, fastest and most convenient way to find a home-online, and in their native language."