Chinese property marketplace Juwai to merge with real estate firm IQI Global

Real estate companies Juwai.com and IQI Global announced a merger to form Juwai-IQI, a global proptech group specialized in new development properties.

Photo credit: Jimmy Chan

Juwai is a Chinese online marketplace for overseas properties, while IQI Global is a real estate network serving Southeast Asia and the Middle East.

With the merger, the two companies will be able to combine online marketing and offline sales functions for new developments.

Juwai-IQI will operate under two separate brands: Juwai for online advertising and media services and IQI Global for project marketing, property development sales, and secondary market properties. Its platform will provide real estate agents access to property buyers in Southeast Asia and the Middle East, in addition to potential customers in greater China.

Georg Chmiel, executive chairman at Juwai, said that the new group plans to further expand through “organic growth and new partnerships in addition to the existing relationships,” which includes companies such as the Industrial and Commercial Bank of China and JD.com.