Juwai.com and China internet giant Tencent have entered a partnership to expand the reach of Chinese buyers in international markets, reports Better Dwelling (19 January 2017). The deal will see property listings on Juwai.com – China’s largest Chinese global property investment website – marketed alongside domestic listings on Tencent’s real estate platform. Though recently launched, the platform already sees 20 million users on a daily basis, and this rapid growth is expected to surge now that international listings have been added to it. According to Yu Kai, General Manager of Tencent Real Estate, they expect to see a significant surge in Chinese demand for overseas property, thanks to the growth of China’s export-oriented economy, the rising trend of travellers and students who are increasingly heading overseas, and the fact that China's domestic property market currently appears overvalued.
