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<CN Home>Alibaba Assets Property Partners with Centaline Property to Launch New Joint Selling & Bidding Model in Shanghai
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BABA-W (09988.HK) (BABA.US)'s Alibaba Assets Property signed a strategic cooperation agreement with Shanghai Centaline Property yesterday (12th) in Shanghai, Chinese media reported. Under the agreement, the two parties will revitalize Shanghai's property sources through a digital model of "unilateral agency + joint selling and bidding". According to the reports, Jing Xichao, general manager at Alibaba Assets Property, revealed that the platform's transaction volume has grown by 67% against the trend this year. The cooperation will integrate Centaline's Shanghai stores into Alibaba's three major segments: "product selection - online transactions, joint selling - platform sourcing, unilateral agency - business district joint selling". Properties will be matched and sold through a bidding process. AAStocks Financial News |
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