Telstra Corp has agreed to acquire a 51 percent stake in China's SouFun Holdings, which runs China's top real estate and home furnishing web site, for around 254 million US dollars, Forbes reported. 'This acquisition provides high growth opportunities for our Sensis advertising business which will manage SouFun,' said Forbes, quoting Telstra chief executive Sol Trujillo, as saying. He said SouFun is already delivering triple digit growth and is a well respected brand in China. About 40 million people access the site monthly.