Some of China’s biggest e-commerce platforms are teaming up with property developers to sell homes at discounts during this year’s Singles’ Day shopping festival.The event, held on November 11 every year, was started by e-commerce giant Alibaba Group Holding in 2009 and has since surpassed other shopping events such as “Black Friday” and “Cyber Monday”.Tmall, Alibaba’s e-commerce platform, said 800,000 homes in 3,000 residential projects – or 40 per cent of major new developments currently on…
Source : South China Morning Post
Read more…Chinese e-commerce giants come to rescue of ailing property sector, step up sales of discounted homes on Singles’ Day















