China Weekly News From August 26, 2018-September 2, 2018

In the case of Chinese real estate and the stock market have stagnated, investors have begun to look at the housing rental market. The Housing Intermediary Association signed a long-term house lease contract with the landlord, and after the simple renovation and renovation of the rental house, the house rent was soared by the Housing Intermediary Association. In order to benefit, most houses are decorated with inferior materials and are rented out immediately after renovation.

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China’s Social E-commerce to Reach $170b in 2018

China’s social e-commerce will reach 1.14 trillion yuan ($170 billion) in 2018, with a year-on-year increase of 66.7 percent, according to a report by the 2018 China Internet Conference earlier this month.

Social e-commerce, which emerged in 2013 in China, combines social media with e-commerce. E-commerce platforms Xiaohongshu and Pinduoduo are two examples.