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Chinese Man Buys Flat for Rs 154 During Shopping Festival. Yes, You Read that Right

Summary by India Today
A Chinese shopper won a two-bedroom Heilongjiang flat for 11 yuan through an Alibaba auction. The subsidised Double 11 deal sparked excitement alongside concerns about taxes and maintenance costs.

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An anonymous buyer from eastern China bought an online auction for only $1.7 during the November discount festival, reported to the media. 68 square metres of a two-room apartment is located on the seventh floor in Heilongjiang Province. The real estate was sold through the Alibaba Action platform, written by South China Morning Post. The initial price of the lott was $0.2 and the maximum price was limited to $1.7. The auction was attended by 1,…

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The original price of the site was 1 Yuan, with more than 1,600 persons participating in the shares.

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Bias Distribution

  • 80% of the sources lean Right
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South China Morning Post broke the news in Hong Kong, Hong Kong on Wednesday, November 11, 2026.
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