Real estate companies Juwai.com and IQI Global announced a merger to form Juwai-IQI, a global proptech group specialized in new development properties, according to TECHINASIA (24July 2019). With the merger, the two companies will be able to combine online marketing and offline sales functions for new developments. 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."