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New Online Marketplace for Chinese Property Investors

Phil Hall
Jan 06, 2017
​Wells Fargo has named Pavaso an approved vendor for “hybrid” eClosings

Two of China’s Internet giants are teaming up to create a new website to help Chinese investors in search of global real estate purchases.
 
The new Haiwai online marketplace is the creation of Tencent, which operates the Chinese equivalent of Facebook, and the property website Juwai.com. Tencent will host Haiwai on its platform while Juwai will maintain the channel’s contents and back-end system.
 
"Over the last half decade or more, Chinese consumers have gone from being nearly invisible in international property markets to being the number one buyers in almost every country and continent,” said Charles Pittar, CEO of Juwai.com. "For our international partners and advertisers, the alliance between Juwai.com and Tencent means more traffic, more transactions and more brand building in the crucial Chinese market."
 
Published
Jan 06, 2017
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021