News this week: dmg information
Asia Pacific announced its venture into the Chinese property information
market by investing in Funcent, a data and workflow solutions provider to real
estate valuation companies and commercial banks. No financial details were
disclosed.
Funcent provides a data workflow and price enquiry platform
through its Cloud Appraisal System. According to dmg information, the company
will increase its shareholding in Funcent over the next few years to expand its
business in China, focusing particularly in the commercial real estate market
in Beijing and Shanghai.
Stephen Stout, CEO of dmg information Asia Pacific said, “With
our knowledge of the property markets in other countries and the similarity of
the Funcent products to those provided by other dmg information companies, we
believe we can bring considerable value to the business.”
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