As you know it, Alibaba is one of the big daddies when it comes to e-commerce. You might be thrown off by its name, but it actually belongs to China. It readily works to provide consumer-to-consumer, business-to-consumer and business-to-business sales services through web portals. It even gives electronic payment services, with a shopping search engine and their mind boggling data-centric cloud computing services.
Recently, this Chinese e-commerce company was able to sign an agreement with its own government in the province of Zhejiang. This will allow the company to create and establish an online system running for house rentals. The soon emerging system will incorporate apartments which are out for rents for, government, individuals, agents, real estate developers. This was mentioned in the agreement signed earlier this week. Well, this seems to be good news in the making.
It will be for all those people hunting accommodation in Hangzhou city, again in the province of Zhejiang. They just have to upload an application on the website created by Alibaba naturally for every stage for the lookout. From searching for apartments to signing the contracts and making the payments. Help will be aided in every step of the way.
The director of Hangzhou Real Estate Registration Center, Han Junqing was seen commenting that “Information on apartments, user reviews, and credibility ratings of owners, renters and agents will all be shared,”. It is being given the name of The smart house renting system, will obviously be supported by a massive data, a technology dealing with online payment, commerce credit card system with other facilities. It even works to nip fraudulent deals in the bud. This piece was shared to the public by the Chinese government and Alibaba themselves.
This will be a huge and pivotal turn of events because China’s housing rental market has been previously dominated by real estate agents, frauds. The deals would get ruptured if there were any disputes. All in all, it was as messy and all over the place as it could get. The Smart House Renting System has revolutionised the way Chinese look at this existing market. What seems the usual hassle to them would soon be replaced and become unusual and unwanted. The concept has pushed the boundaries of creativity, cutting down a lot of man power. Here the principle of physics will deem true. Less input and more output.
The method being computerised and systematic, it will avoid many glitches first hand and would not allow them to reach the second stage.