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Onewo: Property manager with loads of cash and a unique business

Goola Warden & Felicia Tan
Goola Warden & Felicia Tan • 4 min read
Onewo: Property manager with loads of cash and a unique business
A property in Shanghai by China Vanke, whose subsidiary, Onewo, is a specialised property management service provider. Photo: Bloomberg
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Onewo, the property services management arm of Shenzhen and Hong Kong-listed China Vanke, provides community space living consumption services, commercial and urban space integrated services and artificial intelligence of things (AIoT) and business process as a service (BPaaS) solution services.

Onewo’s key product is “Onewo Town +”, which the company describes as an “industrial interconnection ecology”. Onewo Towns are selected sub-districts which bring together the company’s managed properties and facilities across several spaces.

“Within a geographical space of a 3km radius, we break through the walls of traditional residential properties and enhance service efficiency through systematic changes made by intelligent internet of things (IoT) hardware … In terms of data, the number of Onewo Towns increased from 459 to 584 in FY2022,” says Onewo in its FY2022 ended December 2022 results announcement.

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