Ershiwukan, which literally means 25 gulfs in Chinese, in Putian, southeast China’s Fujian Province, is also known as "Venice of Far East." /NetEase

But it was critically damaged when a fire broke out on Friday afternoon. /NetEase

According to Hanjiang fire station, over 500 square meters of the area has been damaged. Nearly half of the buildings have been ruined. /NetEase

Ershiwukan was built in 1933 and used as a trading warehouse. /NetEase

No casualties have been reported so far and the reason for the incident is still under investigation. /NetEase