Juwai.com appoints new CEO and board chairman
09 Aug 2017
Juwai.com (局外网) today announced that Carrie Law (photo) has been appointed CEO and Georg Chmiel (below) chairman of the board. The two are senior executives who helped make ASX-listed iProperty Group the No. 1 online property company in Asia, and oversaw its acquisition in February 2016 by REA Group (ASX: REA) for more than $750 million U.S..
Outgoing chairman Richard Kuo will remain on the board as non-executive director.
Most recently, Law was a senior international executive at REA Group and ex-general manager of iProperty Group.
She has more than 20 years of experience and was voted Digital Marketer of 2016 by the Hong Kong Association of Integrated Marketing for her contribution to digital innovation in the real estate industry.
Law is very experienced when it comes to adding value with strategic initiatives, including mergers and acquisitions, business innovation and transformation, and the IPO process. She has extensive knowledge of online and media markets in Greater China, Asia, Europe, U.S., and Canada. Law has initiated strategic commercial partnerships with leading companies around the world, including with CNN Travel, Groupon, Foursquare, CCTV Moving Media, Tencent, SINA, Youku, China Mobile and China Telecom.
Commenting on her new position Law said, “Juwai.com is already the biggest Chinese international real estate site and can be even more successful. I look forward to working with the team to find new efficiencies, business models, and revenue streams. I’d like to see Juwai.com provide even more value than it does today to both consumers and customers through the smart application of digital and mobile technology in the unique Chinese ecosystem.”
Chmiel took on the role of chairman of Juwai.com, after having previously served as a director. He is also chair of ASX-listed iCar Asia (ASX: ICQ). Previously, he was managing director of iProperty Group and remained with the company throughout its integration with the REA Group.
As CEO and managing director of LJ Hooker, a real estate agency and finance network with 700 offices in nine countries, Chmiel oversaw a period of significant revenue, EBITDA, and market share growth. LJ Hooker’s valuation doubled during his tenure.
Commenting on his appointment, Chmiel said, “Juwai.com’s great strengths include its leading market position in China, the strength of its brand, and strong consumer and customer demand. The latest data suggests Chinese buyers acquired international property worth $101 billion U.S. last year, and that 2017 will rank among the top three years on record.
Outgoing chairman Kuo said, “I believe that Georg and Carrie are the best people to lead the company going forward. Both bring a wealth of related experience and success in Asian property technology platform businesses to Juwai.com. I don’t believe there is another executive anywhere more capable or more suited to help Juwai.com achieve its strategic goals over the next several years. During 2017, the board and executive team have implemented substantial change in the company, including further refining its strategy and business plan, and these two appointments are an essential part of ensuring Juwai.com remains the clear market leader.”
Juwai.com is a leading real estate site focused on international property for Chinese consumers. It has more than two million visitors per month from China and other countries and 2.5 million listings from 89 countries.
The company is headquartered in Shanghai and Hong Kong and has regional teams in the U.K., the U.S., Canada, and Australia.