Online Housing Rent

tech giant Alibaba has signed an agreement with the government of its home city of hangzhou to use the company’s technology to create an online system for house rentals on August 9. the system will cover apartments put up for rent from all sources, including the government, individuals, real estate developers and agents. People seeking rental housing in hangzhou, capital of east china’s 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. the smart house renting system, as it is called, will be supported by Alibaba’s big data, online payment technology and commerce credit system and can prevent fraudulent deals. the chinese Government is prioritizing the development of its rental market to rein in runaway home prices in big cities. urban surveyed unemployment rate was around 5.1 percent in July, lower than that for 2016, according to the National Bureau of statistics. the surveyed rate in major chinese cities continued to stay at a relatively low level of less than 5 percent. some 8.55 million new jobs were created in china’s urban areas from January to July, 200,000 more than the same period of last year. the chinese Government aims to create 11 million new jobs this year.