Hundreds of landlords have reported they have not been paid October rents from Shanghai-based Yujian Apartment while many of the firm’s tenants say have been asked to leave their flats if they owe rent. Photo: Reuters

Yujian Apartment failure sparks alarm bells for Chinese rental sector

  • Start-up backed by Xiaomi tech guru Lei Jun shuts shop leaving thousands of landlords and tenants in the lurch
Topic |   China property

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Hundreds of landlords have reported they have not been paid October rents from Shanghai-based Yujian Apartment while many of the firm’s tenants say have been asked to leave their flats if they owe rent. Photo: Reuters
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