Peng Sheng Steps Down as Evergrande Health CEO


Change is in the air for Asia’s real estate professionals as the head of a health care subsidiary of China’s largest developer shows signs of hurting, and new roles abound in the flexible space space. Also making moves this week was a NYSE-listed education group which brought on new real estate talent. Just read on for all the details.

Peng Sheng has stepped down as CEO of Evergrande Health just one year into his three year contract to run the subsidiary of China’s largest real estate developer by sales. According to an announcement by the Hong Kong-listed company, Peng has given up his executive duties, as well as his seat on Evergrande Health’s board “to focus on his other personal career developments.” Evergrande has propagated a flurry of new subsidiaries across a variety of industries in recent years, leading to uneven results. Evergrande Health, which was formed via a backdoor listing on the Hong Kong exchange in 2015, saw revenues slide by more than five percent last year to RMB 182 million.

jackwa heJackwa He is now Senior Development Lead with TAL Education Group in Guangzhou. He has joined the New York Stock Exchange-listed education provider after more than six years looking after store expansion programs for Hong Kong restaurant group Maxim’s. In his new role, the Guangzhou University graduate will be charged with identifying and evaluating new sites and other development opportunities for the 14-year-old Beijing-based corporation.

Anson TongAnson Tong has been promoted to Director of ecommerce at Shanghai-based co-working provider We+. Tong’s new role comes less than seven months after he joined the shared office startup founded by Colony Capital veteran Allen Lau. The Harvard Business School graduate came to We+ after co-founding his own co-working effort, LinkPlace Co-working Space in Shanghai. We+ has been among the most prolific co-working operators in China, already opening more than 20 centres in Shanghai, Beijing, Hangzhou, Suzhou, Guangzhou, Qingdao and Ningbo.

wan miyaCo-working veteran Wan Miya has joined Mixpace in Shanghai as Executive Assistant to the CEO. Wan jumped to the flexible office startup after two years at competitor We+, where she worked most recently as a key account manager. The graduate of Shanghai University of International Business and Economics also has previous experience with Shanghai co-working pioneer People Squared and Deloitte.

yifan yuYifan Yu has joined Centaline Group in Shenzhen as a Senior Overseas Real Estate Planner with the Hong Kong-based property agency. Yu comes to Centaline after spending more than one year as a Marketing and Brokerage Associate with Century Homes Realty Group in New York. The graduate of Florida State University and the Wuhan Institute of Bioengineering specialises in property marketing.

As usual, if you know of other China real estate professionals changing their jobs, getting promoted or just doing something exciting, please feel free to share with the rest of the community here at Mingtiandi.