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Alibaba joins hands with Zhejiang province government to create online house rental system
China's e-commerce giant Alibaba has signed an agreement with its home city government in Zhejiang province to use the company's technology to create an online system for house rentals. China's housing rental market in major cities has been dominated by real estate agents, and fraud and disputes are not unusual. Apartment seekers have to repeatedly compare offers from different apps, and these companies lack a mature credit system comparable to Zhima Credit from Alibaba subsidiary Ant Financial.
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