…ngine for residential listings. He built the business into China’s largest online real estate platform, but it was eclipsed by new competitors like Warburg Pincus- and Tencent-backed Beike, as well as local classifieds platform 58.com and its property listing affiliate, Anjuke. Fang founder Vincent Mo stepped down as chairman last year After a 2010 IPO, Fang’s business model of selling banner ads to cash-rich developers started to suffer in 2014 w…
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Hines Greater China Boss Cormier Thielke Joins Prologis to Lead Asia Investment
…“We are delighted to have Claire join the company,” Kallevig said. “Her incredible background in M&A, private capital markets and operations will be valuable for our business growth in Asia. As we see great potential of this vibrant regional market with high consumption capacity, we will continue to extend our footprint through strategic capital vehicles.” Shed Experience Thielke joined Houston-based Hines in 2013 as chief operating officer of inv…