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Analysts said the lottery system will benefit buyers of smaller, lower-priced properties that are in limited supply and hence in high demand.

An unnamed analyst with Kaiyuan Securities said mergers among the country's five major power generating companies including China Guodian Corporation, China Huaneng Group and China Datang Corp are also likely to happen.

And through an official account, "companies can broadcast messages and articles to their followers like a blog, but brands and service providers can also use these accounts to serve customers", Tang said.

An updated version of Tuanyuan, launched on Thursday, is connected to four more platforms: Xinhua News Agency's app, China Central TV's audio and video app, online food-delivery platform Ele.me, and logistics company Dianwoda.

Andrew Frye, president of APAC at Baxter and senior vice-president of the company, said China is an "exciting" market.