Fang Holdings announces big changes

January 21, 2019
Share this Post: 

Leading real estate marketplace servicing China, Fang Holdings Limited, has recently announced two very important changes coming to the company. There will be a change in the company's senior management and an offshoot of China Index Holdings Limited, a wholly-owned subsidiary of Fang, will be proposed.

Senior Management 

President of Fang, Jian Liu, has been named the new CEO, replacing Vincent Tianguan Mo, effective immediately. Mo will stay with the company, however, opting to serve as Chairman of Fang's board of directors.

Zijin Li is Fang's current deputy CFO. He will be promoted to acting CFO and Board Secretary to replace Dr. Hua Lei, effective immediately. Dr. Lei will serve as Fang's Chief Investment Officer.

Fang brought Liu on in April of 2000 and was promoted from COO to President in 2016. Liu was the company's first Chief Information Officer. Before joining the Fang Holdings Limited team, Liu had worked at the Information Center of Ningbo Economic Committee in Zhejiang Province. Liu studied at Ningbo University where he received a bachelor's degree in computer science.

In comparison, Li had worked for Aofan International Group in Australia for 10 years in a financial management positions before joining Fang. He worked for Fenghui Leasing Ltd. in China for three years as General Manager of Finance Department and graduated from Sydney University of Technology where he got both his bachelor's and master's degrees.

"I am very happy that Mr. Jian Liu and Mr. Zijin Li will shoulder more responsibilities for Fang and myself. I believe a new generation of Fang's management will reshape the Company and bring in a fresh working style," said Vincent Mo, Fang' Chairman, "I, together with Dr. Lei, will continue to be fully committed to the Company in all respects and will fully support the new management."

Proposed China Index Holdings Limited spin-off

Fang is currently planning a spin-off of CIH to explore different options, like potential distribution of CIH's ordinary shares to Fang's shareholders, or a potential private sale of CIH's ordinary shares, even a potential listing of CIH on a major stock exchange in the United States or other global stock exchanges including Chinese domestic exchanges.

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference 2019, Mar 19-21

January 21, 2019
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Aggregators Article Hero Imaghe
What Are Real Estate Aggregators and Are They About to Disappear?

Looking back at the talking points from Property Portal Watch 2010 it seems that classifieds aggregators caused a stir in...

Read More
Houseful Rebrand
Houseful (Zoopla) Launches "Movemnt" Transaction Infrastructure for Property Professionals

Houseful has launched "Movemnt", a free-to-use national home transaction infrastructure for all estate agents, conveyancers, mortgage lenders, and brokers. Movemnt joins...

Read More
Untitled Design 15 1
Realtor.com Releases Next Stage of Its Buyer Agency Advertising Campaign

Realtor.com, the number-two portal in the US and part of the three-way battle for market leadership in the so-called "portal...

Read More
Untitled Design 17
REA Group Acquires Remaining Stake in Prospecting Tool Realtair

REA Group has announced that it has bought the remaining shares of Australian proptech company Realtair. Previously, REA Group held...

Read More

Editor's Pick