In China, Aiwu Jiwu and Fangdd feel the pinch

04 Sep 2017

In China, recent disclosures from online real estate brokers Aiwu Jiwu (爱屋吉屋, otherwise known as and (房多多) continue to demonstrate that the long winter of the Chinese housing market is cutting real estate margins to the bone. Aiwu Jiwu announced that it has closed 15 of its agency subsidiaries, while mobile listings platform Fangdd has officially closed its credit and financing department. 

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Tom Marling

Tom is a PhD candidate in Chinese History at Hong Kong Baptist University, and former PR consultant in Mainland China. He joined the AIM Group in 2016 as a writer/analyst.