Exhibit 4.17
 
 Xudong ZHU
 Jun LUO
 Shanghai SINA Leju Information Technology Co., Ltd.
 AND
 Beijing Yisheng Leju Information Service Co., Ltd.
 
 Shareholder Voting Right Proxy Agreement
 In respect of Beijing Yisheng Leju Information Service Co., Ltd.
 
 September 29, 2009




---



##### 



Shareholder Voting Right Proxy Agreement
 Agreement
 1.
    
    Xudong ZHUID Card No.: 3101081967100548522.
    
    Jun LUOID Card No: 310110196801064214(Xudong ZHU and Jun LUO are hereinafter referred to individually as a Shareholder and
collectively as the Shareholders.)3.
    
    Shanghai SINA Leju Information Technology Co., Ltd.(hereinafter, the WFOE)Registered address: Room 11A, #971 Dongfang Road, Pudong New District, Shanghai4.
    
    Beijing Yisheng Leju Information Service Co., Ltd.(hereinafter, the Company)Registered address: Room 806-810, Ideal International Plaza, #58 North Sihuan West Road,
Haidian District, Beijing(In this Agreement, the above parties are hereinafter referred to individually as a Party
and collectively as the Parties.)
 WHEREAS:
 1.
    
    Fei CAO, Jingning SHAO and the Shareholders entered into an Equity Interest Transfer
Agreement (Equity Interest Transfer Agreement) on September 29, 2009. According to the
Equity Interest Transfer Agreement, Fei CAO and Jingning SHAO agree to transfer all the equity
interest they hold in the Company respectively to the Shareholders (Equity Transfer). After
the Equity Transfer takes effect, the Shareholder will become shareholders of the Company,
holding 100% equity interest of the Company.2.
    
    The Shareholders intend to severally entrust their voting rights in the Company to the
individuals designated by the WFOE after the Equity Transfer takes effect, and the WFOE
intends to designate the individuals to accept such entrust.
 NOW, THEREFORE,
 Article 1 Voting Right Delegation
 1




---



##### 



1.1
    
    The Shareholders hereby irrevocably undertake to respectively sign a power of attorney in
substance and form as set forth in Annex 1 hereof after this Agreement takes effect, to
respectively entrust the individuals then designated by the WFOE (hereinafter, the Entrusted
Persons) to exercise, on behalf of each of the Shareholders, the following rights that the
Shareholders are entitled to in the capacity of shareholders of the Company under the then
effective articles of association of the Company (collectively, the Entrusted Rights):
 (1)
    
    To propose to convene and attend Shareholders meetings of the Company as the
representative of each of the Shareholders according to the articles of association of
the Company;(2)
    
    To exercise, on behalf of each of the Shareholders, their voting rights on
all matters requiring discussion or resolutions of the Shareholders meetings of the
Company, including without limitation, the appointment and election of the Companys
directors and other senior management to be appointed and removed by the Shareholders;(3)
    
    To exercise other voting rights of the Shareholder as specified in the
articles of association of the Company (including any other shareholder voting rights
as specified in the amended articles of association).
 The above authorization and entrustment are granted on the condition that the Entrusted
Persons are PRC citizens and that the WFOE approves such authorization and entrustment.
Upon and only upon written notice of dismissing and replacing the Entrusted Person(s) given
by the WFOE to each of the Shareholders shall the Shareholder promptly entrust another PRC
citizen then designated by the WFOE to exercise the above Entrusted Rights, and the new
authorization and entrustment shall, upon the grant supersede the previous authorization
and entrustment. The Shareholders shall not revoke the authorization and entrustment to
the Entrusted Person(s) unless as provided in this Article.1.2
    
    The Entrusted Persons shall perform their obligations in respect of the entrustment hereunder
to the extent authorized hereunder with due care and diligence and in compliance with laws.
The Shareholders acknowledge and shall assume liabilities for any legal consequences arising
as a result of the Entrusted Persons exercise of the foregoing Entrusted Rights.1.3
    
    The Shareholders hereby confirm that the Entrusted Persons are not required to seek opinions
from the relevant Shareholder prior to their exercise of the foregoing Entrusted Rights.
However, the Entrusted Persons shall inform the Shareholders in a timely manner of any
resolution or proposal on convening an interim shareholders meeting after such resolution or
proposal is made.
 Article 2 Right to Information
 2




---



##### 



2.1
    
    For the purpose of exercising the Entrusted Rights hereunder, the Entrusted Persons are
entitled to know various relevant information of the Company such as those in respect of its
operation, business, customers, finance and employees, and shall have access to the relevant
documentations and materials of the Company. The Company shall fully cooperate with the
Entrusted Persons in this regard.
 Article 3 Exercise of the Entrusted Rights
 3.1
    
    The Shareholders will provide sufficient assistances to the Entrusted Persons with regard to
their exercise of the Entrusted Rights, including timely execution where necessary of
resolutions of shareholders meetings adopted by the Entrusted Persons or other pertinent
legal documents (e.g., where the same is required in order to submit documents for purpose of
governmental approvals, registrations or filings.).3.2
    
    If at any time within the term of this Agreement, the grant or exercise of the Entrusted
Rights hereunder is unrealizable for whatever cause (except for default of any Shareholder or
the Company), the Parties shall immediately seek the most similar alternative solution and, if
necessary, enter into a supplementary agreement to amend or adjust the provisions herein, in
order to ensure the realization of the purpose of this Agreement.
 Article 4 Exemption and Compensation
 4.1
    
    The Parties acknowledge that in no case shall the WFOE be required to be liable to or
compensate (monetary or otherwise) the other Parties or any third party in respect of exercise
of the Entrusted Rights hereunder by the individuals designated by it.4.2
    
    The Shareholders and the Company agree to indemnify and hold the WFOE free from and harmless
against all losses incurred or likely to be incurred due to exercise of the Entrusted Rights
by the Entrusted Persons designated by the WFOE, including without limitation, any loss
resulted from any litigation, demand, arbitration or claim by any third party against it or
from administrative investigation or penalty, PROVIDED, HOWEVER, THAT no indemnification is
available for any losses caused by a willful default or gross negligence of the Entrusted
Persons.
 Article 5 Representations and Warranties
 5.1
    
    Each Shareholder hereby represents and warrants severally that:
 5.1.1.
    
    It is a Chinese citizen with full capacity of action. It has the complete and
 3




---



##### 



independent legal status and legal capacity to execute, deliver and perform this
Agreement. It may sue or be sued independently.5.1.2.
    
    When this Agreement takes effect, it has the full power and authority to execute and
deliver this Agreement and all other documents relating to the transaction
contemplated hereby that are to be executed by it; and the full power and authority to
consummate the transaction contemplated hereby. This Agreement is duly executed and
delivered by it. Upon the effectiveness, this Agreement shall constitute its legal
and binding obligation and may be enforceable against it in accordance with the terms
hereof.5.1.3.
    
    It is the registered legal shareholder of the Company as of the effective date of
this Agreement. Except for those rights created under this Agreement, the Equity
Pledge Agreement and the Exclusive Call Option Agreement entered into by and between
the Shareholders, the Company and the WFOE on the date hereof, the Entrusted Rights
are free of any third-party right. Pursuant to this Agreement, the Entrusted Persons
may exercise the Entrusted Rights fully and completely in accordance with the then
effective articles of association of the Company.
 5.2
    
    Each of the WFOE and the Company hereby represents and warrants severally that:
 5.2.1
    
    It is a limited liability company duly registered and validly existing under
the laws where it is registered and has the independent legal person status. It has
the full and independent legal status and legal capacity to execute, deliver and
perform this Agreement and may sue or be sued independently.5.2.1
    
    It has the full corporate power and authority to execute and deliver this
Agreement and all other documents relating to the transaction contemplated hereby that
are to be executed by it. It has the full power and authority to consummate the
transaction contemplated hereby.
 5.3
    
    The Company further represents and warrants that:
 5.3.1
    
    Each Shareholder is the registered legal shareholder of the Company as of
the effective date of this Agreement. Except for the rights under this Agreement, the
Equity Pledge Agreement and the Exclusive Call Option Agreement entered into by and
between the Shareholders, the Company and the WFOE on the date hereof, the Entrusted
Rights are free of any third-party right. Pursuant to this Agreement, the Entrusted
Persons may exercise the Entrusted Rights fully and completely in accordance with the
then effective articles of association of the Company.
 Article 6 Term of this Agreement
 4




---



##### 



6.1
    
    After being duly executed by the Parties, this Agreement will become effective immediately
upon the Equity Transfer taking effect. Subject to the provisions of Articles 6.2 and 6.3
hereof, the term of this Agreement shall be twenty (20) years, unless it is early terminated
by the Parties in writing or pursuant to Article 9.1 hereof. The term of this Agreement will
not be extended upon expiration; provided, however, that the term of this Agreement will be
automatically extended for one (1) year upon the expiration, if the WFOE gives the other
Parties written notice requiring the extension thereof, and the same mechanism will apply
subsequently upon the expiration of each extended term.6.2
    
    This Agreement shall terminate, if the Company or the WFOE, upon expiry of its business term,
fails to deal with the approval and registration for the extension thereof.6.3
    
    If any Shareholder transfers all of the equity interest it holds in the Company to any person
with the WFOEs prior consent, the Shareholder will no longer be a Party hereto and the
obligations and undertakings of any other Parties hereunder will not be adversely affected.
 Article 7 Notices
 7.1
    
    Any notice, request, demand and other correspondences required by this Agreement or made in
accordance with this Agreement shall be delivered in writing to the relevant Party(ies).7.2
    
    The above notices or other correspondence shall be deemed delivered (i) upon being sent out
if by facsimile or electric transmission, or (ii) upon handover in person if by hand delivery;
or (iii) upon the fifth (5th) day of being posted if by mail.
 Article 8 Confidentiality
 8.1
    
    Regardless of the termination of this Agreement, each Party is obligated to keep strictly
confidential trade secrets, proprietary information, clients information and all other
information of confidential nature related to the other Parties that are known to the former
Party during the course of its execution and performance of this Agreement (the Confidential
Information). Unless as agreed to by the Party who disclosed the Confidential Information
(the Disclosing Party) in writing in advance, or as required by the relevant laws,
regulations or the requirements applicable where the publicly listed affiliated company of any
Party is located, the receiving party of the Confidential Information (the Receiving Party)
shall not disclose to any third party any of such Confidential Information. Except for the
purpose of performing this Agreement, the Receiving Party shall not use any Confidential
Information.
 5




---



##### 



8.2
    
    The Confidential Information does not include:
 (a)
    
    the information that has been lawfully acquired by the Party receiving the
information before as evidenced by certain written evidence;(b)
    
    the information entering the public domain without attribution to any fault
of the Party receiving the information; and(c)
    
    the information lawfully acquired by the Party receiving the information from
other sources after being received by the Party.
 8.3
    
    The Receiving Party may, for the purpose of performing this Agreement, disclose Confidential
Information to its relevant employees, agents or professionals engaged by it, provided,
however, the Receiving Party shall ensure that such persons shall abide by the relevant terms
and conditions of this Article 8, and shall assume any liability incurred as a result of the
breach by any of such persons of the relevant terms and conditions of this Article 8.8.4
    
    Notwithstanding any other provision of this Agreement, the effect of this Article 8 shall not
be affected by the termination of this Agreement.
 Article 9 Liabilities for Breach
 9.1
    
    The Parties agree and confirm that, if any of the Parties (the Breaching Party) is
materially in breach of any provision hereof, or materially fails or delays in performing any
of the obligations hereunder, a breach hereof is constituted (a Breach), and any of the
other Parties which does not commit any Breach (a Non-breaching Party) has the right to
require that the Breaching Party rectify it or take a remedial action within a reasonable
period. If the Breaching Party fails to rectify the Breach or take remedial actions within
the reasonable period or within ten (10) days of the other Partys written rectification
notice, then:
 9.1.1.
    
    if any Shareholder or the Company is the Breaching Party, the WFOE is entitled to
terminate this Agreement and require the Breaching Party to indemnify it against its
damage;9.1.2.
    
    if the WFOE is the Breaching Party, each of the Non-defaulting Parties is entitled
to require the Breaching Party to indemnify it against its damage; but unless
otherwise provided for by law, in no case does it have the right to terminate or
cancel this Agreement.
 9.2
    
    Notwithstanding any other provision herein, the effect of this Article 9 shall not be
affected by the suspension or termination of this Agreement.
 Article 10 Miscellaneous
 10.1
    
    This Agreement is written in Chinese in four (4) originals. Each of the Parties to
 6




---



##### 



this Agreement shall hold one (1) original.10.2
    
    The execution, effectiveness, performance, revision, interpretation and termination of this
Agreement shall be governed by laws of People Republic of China.10.3
    
    Any dispute arising out of or in connection with this Agreement shall be resolved by the
Parties through consultation. In the event the Parties fail to agree with each other within
thirty (30) days after the dispute arises, the dispute shall be submitted to China
International Economic and Trade Arbitration Commission Shanghai Commission for arbitration in
Shanghai in accordance with the arbitration rules thereof effective at the submission of the
application for arbitration. The arbitration award shall be final and binding upon the
Parties.10.4
    
    None of the rights, powers or remedies granted to each of the Parties by any provision of
this Agreement shall preclude any other rights, powers or remedies that such Party is entitled
to under the laws and under any other provisions of this Agreement, and any Partys exercise
of any of its rights, powers or remedies shall not preclude its exercise of any other rights,
powers or remedies that it is entitled to.10.5
    
    A Partys failure or delay in exercising any of its rights, powers or remedies that it is
entitled to under this Agreement or under the laws (the Available Rights) shall not
constitute its waiver of such rights, nor shall any single or partial waiver of any Available
Rights by a Party preclude its exercise of those rights in another manner or its exercise of
any other Available Rights.10.6
    
    The headings in this Agreement are written for the ease of reference only, and in no event,
shall be used for, or affect, the interpretation to this Agreement.10.7
    
    Each provision herein is separable and independent from all other provisions herein. If any
one provision or more provisions of this Agreement become invalid, illegal or unenforceable at
any time, the validity, legality and enforceability of other provisions herein shall not be
affected.10.8
    
    This Agreement, after takes effect, shall supersede any other prior legal documents among the
Parties with respect to the subject matter hereof. Any amendment or supplement hereto shall be
made in writing and shall not become effective until its due execution by the Parties hereto.10.9
    
    Without the WFOEs prior written consent, none of the other Parties may transfer any of its
rights and/or obligations hereunder to any third party. The Shareholders and the Company
hereby agree that the WFOE is entitled to transfer any of its rights and/or obligations
hereunder to any third party upon written notice thereof to the Shareholders and the Company.10.10
    
    This Agreement shall be binding on the legal successors of the Parties.
 7




---



##### 



[SIGNATURE PAGE]
  Xudong ZHUBy:
    /s/ Xudong ZHUJun LUOBy:
    /s/ Jun LUOShanghai SINA Leju Information Technology Co., Ltd.
(Company seal)By:
    /sealName:Title:Beijing Yisheng Leju Information Service Co., Ltd.
(Company seal)By:
    /sealName:Title: 8




---



##### 



Power of Attorney
 Power of Attorney Entrusted Person
 Company
 (1)
    
    As my representative, to propose to convene and attend Shareholders meetings of the Company
according to the articles of association of the Company;;(2)
    
    As my representative, to exercise, on behalf of each of the Shareholders, their voting rights
on all matters requiring discussion or resolutions of the Shareholders meetings of the
Company, including without limitation, the appointment and election of the Companys directors
and other officers to be appointed and removed by the Shareholders;;(3)
    
    As my representative, to exercise other voting rights of a shareholder as specified in the
articles of association of the Company (including any other shareholder voting rights as
specified in the amended articles of association).
 WFOE
   
  9