Online commercial auction of real estate properties receives attention, Shenzhen Zhongyuan and Alibaba Asset Management initiate strategic cooperation.

Recently, Zhongyuan Real Estate Agency (Shenzhen) Co., Ltd. has officially reached a strategic cooperation agreement with Ali Asset Real Estate. Both parties announced that they will deepen their cooperation in the online commercial auction of real estate, and work together to promote the digital upgrade and innovative practices of the Shenzhen real estate transaction market. Industry insiders have indicated that in the current real estate market environment, some property owners are starting to look towards the online auction market. These properties, different from foreclosed properties, are known as "commercial auction properties". Commercial auctions are different from traditional foreclosures, as the principals of commercial auctions are generally individuals or corporate entities who have the right to set the price freely, which better reflects market dynamics and allows for normal mortgage and offline transfer processes. It is reported that the two parties will deeply integrate Zhongyuan's professional offline service capabilities and quality property selection system with Ali Asset Real Estate's efficient, transparent, and wide-ranging online auction resources to provide homebuyers with better and more efficient options. In the future, based on this resource integration, the two parties will explore new areas of real estate transactions together, create new advantages in the industry, and expand new market spaces.