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
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

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
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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