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Inflate Gate Scandal Rocks SouFun

2015-10-13 00:44:44| Real Estate - Topix.net

Bottom line: A scandal involving inflated sales reporting by workers at SouFun could cause the company to miss 2015 revenue guidance, and reflects pressures that China Internet firms are facing due to a slowing home economy. Just when it was beginning to claw its way back to favor with investors, real estate services website SouFun is being rocked by a scandal after an internal probe revealed that some employees were inflating their new orders.

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