Views: 9123|Replies: 4

Alipay, to reform China's house rental market [Copy link] 中文

Rank: 4

Post time 2017-11-10 18:05:49 |Display all floors

A rented apartment [File Photo: IC]

Chinese e-commerce giants, Alibaba and, have recently announced they will enter the house rental market, reports People's Daily.

Alibaba's mobile payment platform, Alipay, said it has launched more than 1 million apartments online, while declared it has opened an online channel for house rental, establishing cooperation with 82 developers and 35 service providers in over 20 cities across the country.

Consumers can look up house rental information on the online platforms and directly contact the house owner.

By conducting rental transactions without involving intermediary agencies, tenants are exempt from agency fees, which usually cost as much as one month of rent.

The rental term is also more flexible, allowing tenants to sign a short-term tenancy agreement and prepay less rent.

Leasees with good credit may not even have to pay a guarantee deposit.

This new mode of renting houses cuts the transaction costs and improves efficiency, which is very attractive to leasees, most of whom are young graduates.

By providing a non-agency form of house rental, the e-commerce platforms aim to make house rental transactions as simple as shopping online.
Meanwhile, related regulatory policies have been introduced by authorities in cities including Beijing, Chengdu, Wuhan, and Guangzhou.

The collaboration between internet giants and government authorities is expected to create a better house rental environment for consumers.

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Rank: 8Rank: 8

Post time 2017-11-11 15:57:21 |Display all floors
Good invention on business! ---------But the dealer must make sure the security for tenants!
Childish pure  mindset can simplify your life which let you live in a light way! Without man-made troubles you will work in high efficiency!

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Rank: 2

Post time 2017-11-11 18:26:27 |Display all floors
Such a good news for the young graduated. Government authorities should conduct the reform.

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Rank: 4

Post time 2017-11-11 21:30:42 |Display all floors
           this is great business in Chinese house rental market. it is certainly popular and acceptable since to thousands of Chinese young peoples it is affordable.
       house expense will the major part to the just graduates. they can afford the house rent cost and can stay in big city. it will boost the developing of big city if this new rental house platform carries out  enough good like clothes shopping online.
life is colorful with you.

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Rank: 6Rank: 6

Post time 2017-11-13 10:32:51 |Display all floors
good for those in big cities with high house price ..

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