Alibaba enters China’s housing rental market
Eastern Eye Staff
Chinese e-commerce giant Alibaba has signed an agreement with its home city government in Zhejiang province to use the company’s technology to create an online system for house rentals. The system will cover apartments put up for rent from all sources ,the government, individuals, real estate developers and agents, according to the agreement signed earlier this week. People seeking rental housing in Hangzhou City, Zhejiang province, will be able to use the application and website created by Alibaba for every stage in the process, from searching for apartments to signing contracts and payment. “Information on apartments, user reviews, and credibility ratings of owners,…
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