SHANGHAI -- Internet auctions of real estate have taken off in China as the affluent make the most of the laxer rules for auctions compared with conventional transactions.
Property
Online real estate auctions surge among China's well-to-do
Cyberbidders exploit legal loophole in tightly regulated property market
A condominium unit in Xianxia Lu, a residential area in western Shanghai, drew 90 bids in an auction.
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