China’s buildings are watching how people shop, cook and steal


  • TECH
  • Friday, 05 Jul 2019

A pedestrian uses a smartphone while standing under surveillance cameras in Beijing, China, on Friday, May 31, 2019. China spent about $180 billion on domestic security in 2017, exceeding the national defense budget by nearly 20 percent, according to an analysis of data from China's Ministry of Finance by scholar Adrian Zenz. Photographer: Giulia Marchi/Bloomberg

Fintech is changing the way people borrow, invest and pay for things. But there’s another type of technology – most noticeably in China – that’s altering the way urban dwellers interact with their living and shopping environments. 

It’s property technology, or proptech – the use of new technologies like big data and machine learning to help individuals and companies buy, sell and manage real estate. 

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