Craiglist-like Ganji transfers business to Tianjin

China's largest classifieds website decided to transfer its key business to Tianjin Municipality on Tuesday, a new move to boost coordinated development of the Beijing-Tianjin-Hebei region.

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.

"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.

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.

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.

China's leading portal Sohu also moved its video business to Tianjin.

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.