Property News · November 1, 2017

Property agents under pressure as tech giants Alibaba and JD.com muscle in on home-buying and rental markets


As Chinese e-commerce giants Alibaba and JD.com expand their activities into real estate by building online platfoms for property marketing, sales and rental, traditional property agents are starting to feel the pressure.
Although property agents still have a strong place in the market, they must now find new ways to innovate, according to industry players and analysts.
“They [Alibaba and JD.com] are certainly a threat,” said Andy Lee Yiu-chi, chief executive of Centaline Property…

Source : South China Morning Post
Read more…Property agents under pressure as tech giants Alibaba and JD.com muscle in on home-buying and rental markets