TikTok parent company ByteDance has made many prior moves into the real estate business. It intends to build a brand in the field named "Qiuhe Real Estate" for the western region of China.
ByteDance, the Beijing-based parent company of TikTok, has recently launched an offline real estate agency called "Xiaomai" for the Chinese market, opening several related stores in Fuzhou, Fujian Province.
Ziroom, a home rental platform based in Beijing, is reportedly conducting layoffs of around 20% of staff at its headquarters.
KE Holdings, an integrated online and offline platform for housing transactions and services, provided on Friday an update on the status of its internal review that aims to clarify the report released by a short-seller firm.
Beike, a housing transaction and services platform listed on the New York Stock Exchange, published its unaudited financial result for the fiscal year 2020 on Monday.
China’s housing rental transaction service platform operator Ke Holdings has filed a preliminary prospectus for a U.S. initial public offering on July 24, aiming to be listed on the New York Stock Exchange (NYSE) under the symbol “BEKE”.
Renting an apartment in China is not that hard. There are a variety of online rental platforms providing customized services to both Chinese and foreign tenants.
As the COVID-19 outbreak left many Chinese families struggling to pay their rents and mortgages, several cities introduced “relaxed” home purchase policies to alleviate people’s burden and reanimate the stagnating real estate market.
According to Bloomberg, the Chinese real estate platform Beike Zhaofang (Beike), has been working with a consultant on a potential IPO and may complete its listing as soon as 2020.
For average working professionals in Beijing, Shanghai, or Hong Kong, buying a place for themselves would be a mission impossible.
For the vast number of migrants in China, house rental has been a hard issue. House purchase is faced with many policy constraints and the price is too high to afford the house. So for them, renting seems to be the only option available. For the vast number of migrants in China, house rental has […]