China jostles to rent instead of buy, prompting VCs to pour millions

China jostles to rent instead of buy, prompting VCs to pour millions

Beijing. Photo: Bloomberg

In its attempt to cool what are among the fastest-rising property prices in the world, China is pushing its people to rent instead of buy. That’s prompting venture capitalists to pour millions into an old-fashioned sector that’s being uprooted by technology: rental management.

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