Juwai and auction.com team up

Juwai and Auction.com are teaming up to bring US commercial real estate auctions to Chinese investors.

The agreement will see US real estate listings from Auction.com advertised on Juwai.com in Chinese, with an initial focus on commercial properties.

It follows a string of similar deals by the fast-growing Juwai.com, including agreements with LuxuryPortfolio.com, LuxuryHomes.com and The Real Estate Channel, plus Chinese partnerships with China’s number one finance website, jrj.com and luxury shopping portal VIP.com.

It also follows a partnership between Auction.com and the Asian Real Estate Association of America (AREAA) to reach more investors.

"Over $48 billion in foreign capital was invested in US commercial real estate in 2014, and China was second only to Canada in the amount of CRE investment," Auction.com CEO and Co-Founder Jeffrey Frieden tells Property Portal Watch. "Our strategy has always been to leverage the global reach of the Internet to deliver the largest number of prospective buyers for our sellers. So we're excited to partner with Juwai.com, which has the largest audience of Chinese international property buyers, and will help us effectively target Chinese-speaking investors in mainland China, Hong Kong, Singapore and even in the US."