Alibaba injects Tmall Haofang into E-House as property industry follows retail sales in marching to the internet’s beat

//Alibaba injects Tmall Haofang into E-House as property industry follows retail sales in marching to the internet’s beat

Alibaba injects Tmall Haofang into E-House as property industry follows retail sales in marching to the internet’s beat

Alibaba Group Holding, the world’s largest e-commerce platform, is injecting its online real estate sales platform into one of the country’s biggest property agencies, more than doubling its stake in E-House (China) Enterprise Holdings as the coronavirus pandemic accelerated the migration of retail sales to online marketplaces.The e-commerce giant will inject its stake in its real estate marketplace Tmall Haofang into its partner E-House for shares. In turn, Alibaba will become the second…

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By | 2021-04-29T06:27:25+00:00 April 29th, 2021|Business|Comments Off on Alibaba injects Tmall Haofang into E-House as property industry follows retail sales in marching to the internet’s beat