New | Soufun shares up after securing up to US$700m in funds, while other ADRs see modest rises

SouFun Holdings, which operates as a real estate internet portal in China, saw its shares rise 4 per cent to US$6.10 at midday trading in New York as the company said it had secured US$400 million to US$700 million from private-equity firms IDG Capital, Carlyle Group, and the company’s founder and chief executive Vincent Mo.

Most of the China shares listed in the US saw modest movements at midday after the US Federal Reserve's decision not to raise interest rates on Thursday.

Nasdaq-listed Qunar Cayman Islands, which is engaged in offering mobile and e-commerce platforms for travel in China, was up 0.8 per cent in late morning trade to US$34.22.

Ctrip.com International, which runs the Ctrip.com travel website, dropped 1 per cent to US$69.50, while Jumei International Holding, an online retailer of beauty products, fell 0.89 per cent to US$10.06.

Shares of Alibaba were down 0.75 per cent to US$65.50 at noon in New York.

Meanwhile, the Deutsche X-trackers Harvest CSI300 China A-Shares ETF, an exchange-traded fund incorporated in the US, fell 0.9 per cent to  US$32.04 in noon trade after the Shanghai Composite Index edged up 0.4 per cent to 3,099.12 points.