We are excited to announce that PropTech Pioneer’s transactional business Du Val Group International has been selected to be the exclusive Sales and Servicing Agent for European projects launched on a JD.com’s new global property portal. The platform will give UK developers access to its 480 million members in the People’s Republic of China as well as their extensive Chinese network worldwide.
JD.com is a Fortune Global 500 company and China’s largest internet company by revenue. JD.com has more than 480 million active members who have direct access to an unrivalled range of authentic, high quality products and services. Its domestic real estate portal currently hosts over 50,000 prospective purchasers per day. The new JD.com global residential platform will provide developers with access to property investors in China on a scale not previously seen.
JD.com by Numbers
- Global Fortune 500 company
- China’s largest internet company by revenue
- 480 m registered members on the platform
- 2020 Annual Revenue USD 114.23 billion
- Fulfillment network covers 99% of the Chinese population
Our partnership with JD.com is the first of many ventures which Du Val Group International will undertake over the coming months. The company aims to disrupt the international property sales market, by providing investors with access to better data and analysis tools to forecast the net return of potential investments. By reducing financial waste and market access costs for developers, it creates considerable savings which can ultimately be passed on to consumers.
Chinese investors are set to become the dominant group of offshore purchasers worldwide. China’s massive economic growth, fuelling the exponential growth of its middle class, is the catalyst behind the massive increase in demand for offshore property for homes, investment, and accommodation for students. We are very excited to be part of this truly game- changing portal. With more than 480 million users, JD.com offers access to China which has never previously been imagined.
About Du Val Group International
Du Val Group International is a PropTech company in the international property sales market. The company uses technology to reduce the market friction and financial waste in the international sales market. In addition to its partnership with ListingCo and JD.com, the company is due to launch its own proprietary technology platform Du Val Global later this year. (www.duvalgroup.com.)
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