The evolution of technology is turning it from the unusual to ubiquitous, so much so that there’s hardly an industry that doesn’t feel the disruption. While some sectors, such as finance, are embracing these changes quickly, some long-established fields are moving slower, but the degree at which they are reinvented by the new innovations is not a bit less.

Property technology (proptech)—a sector that combines technology and real estate industry—is on the rise in recent years, especially in the Asia Pacific region. 179 proptech start-ups in Asia Pacific have raised funding since 2013, accounting for almost $4.8 billion of the $7.8 billion that has been invested globally since 2013, according to a research by global real estate services firm JLL.

Like in most of the industries, China—which witnessed robust growth in merging internet and information technologies with conventional industries through the government-backed “Internet Plus” initiative—has formed an impressive force in the rise of the proptech trend. The report shows that mainland China saw a total of $2.82 billion of proptech investments, excluding HK’s investment of US$202 million.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.