The last place in China you would expect to find an oversupply of property is between the beautiful lake city of Hangzhou and the country’s commercial heart of Shanghai, a 170km stretch that high-speed trains cover in just over an hour. Today, in addition to its reputation as a tourist draw, Hangzhou is known as the home of Jack Ma, founder of Alibaba, the internet group likely to go public soon in the biggest tech listing ever.
你絕料不到在美麗的湖泊城市杭州與中國商業心臟上海之間，還有一片房地產供應過剩的地方。這兩座城市相距170公里，高鐵車程只需一個多小時。如今的杭州除了享有旅遊勝地的美譽外，還以阿里巴巴(Alibaba)創辦人馬雲(Jack Ma)的故鄉而聞名。這家網路集團很快就要上市，有望打造科技行業史上規模最大的IPO。
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