General managers in real estate website Soufun's Tianjin, Shanghai, Jinan, Chongqing and Nanjing subsidiaries recently resigned, reports DoNews citing late November rumors.

Australian telecommunications company Telstra (ASX:TLS), Soufun's largest shareholder, announced December 1 that it might sell down its stake in SouFun via an initial public offering.

Unnamed sources close with Soufun revealed that Soufun is planning an IPO in the U.S. in 2010, China Daily reported December 2.

Rumors said Soufun's Tianjin General Manager, Jiang Lin, has joined China Real Estate Information Corporation (Nasdaq:CRIC), said the report.