CHINA’S No. 1 international property website Juwai.com and IQI will merge to create Asia’s biggest proptech group, specialising in global new development properties
The new group, Juwai-IQI, will operate under the two separate brands: Juwai.com for online advertising and media services and IQI Global for project marketing, sales of property developments, and secondary market properties.
Juwai.com executive chairman Georg Chmiel said the two companies are more valuable than apart.
“Juwai.com gives exposure to the market where up to half of all global property buyers originate from, and the IQI network is marketing and selling properties in many of the places where these buyers want to buy. This includes in particular Southeast Asia, Japan, Australia, New Zealand, the US and Canada, the UK, Germany and France and other markets.
“The new merged group will now look to expand its reach further through organic growth and new partnerships in addition to the existing relationships which include the likes of ICBC and JD.com. We are combining two powerful Asian superbrands. We expect the combined group to be not only the largest global marketplace for real estate buyers from Asia, but also the most trusted.” Chmiel said.
IQI Global CEO Kashif Ansari said the combined group already completes on average 1,000 sales per month, deploys an exclusive and growing network of 5,000 sales people, and possesses a very large database of consumers in China, India, the Middle East and North Africa (MENA) region, and Southeast Asia.
IQI Global managing director Daniel Ho said this merger enables developers and agents to tap into the entire Asian market.
“Juwai-IQI is a one-stop solution combining online and offline marketing and sales. It serves developers and agents from everywhere and reaches buyers from China to Malaysia, from Australia to the Middle East and North America.” Ho concluded.