There are only 7 companies with a market value of over 10 billion, and Wanwu Cloud proposes “AI technology innovation”

The three-day China International Property Management Industry Expo was officially launched on October 12 in Futian District, Shenzhen.

At the opening ceremony of the exhibition, Zhu Baoquan, chairman of Wanwuyun (02602.HK), based on the development of artificial intelligence technology, predicted the "five modernizations" trend of the current property industry, including: job IoT, operation process ization and mechanization, artificial intelligence in services, and digitization of management reports

Wanwuyun has currently established a set of all-weather customer service systems, which mainly include a number of smart community products and solutions such as smart travel, digital maintenance, smart dispatching platforms and remote operation centers. It is reported that these services will provide customers with continuous support

According to the introduction, the company's independently developed "Black Cat" series of products are mainly aimed at traffic-related services. Among them, the "Black Cat No. 2" vehicle parking equipment is not only compatible with the equipment, but also integrates artificial intelligence recognition capabilities to assist owners with parking more efficiently. The "Pengli No. 1" self-service robot can assist community owners to handle up to 20 common services such as recharge and payment, and currently covers nearly 2,000 communities of Vanke Property

It is worth mentioning that at this China International Property Management Industry Expo, Zhu Baoquan also put forward the view that "for property companies, the business model that relies on information asymmetry and counting heads is increasingly unfeasible."

Titanium Media APP noticed that on September 22 this year, Zhu Baoquan once published an article about "Discussions on Property Companies and Corresponding Services" on the Internet. He believed that "the management level of standard service processes is just right." It is the fundamental basis for testing the quality of a property company."

It is understood that the residential property industry has always had the problem of "the game between the self-interested behavior of individual owners and the collective interests of all owners." This has resulted in many discussions and phenomena about property companies, which are specifically reflected in three aspects.

The rewritten content is: On the one hand, there are frequent calls for property cancellations on social media, causing the capital market to underestimate the value of property stocks. On the other hand, from the early property contracts of developers to the first owners committees and property contracts governed by capable people, the fundamental problems of the community have always existed, but the conflicts have shifted to dissatisfaction with the property companies. On the other hand, the owners' committee system was originally established to improve the efficiency of problem solving. As an equity organization selected by the owners, it should be an intermediary to resolve conflicts. However, in practice, owners' committees have become power holders. Property owners committees that lack integrity pursue power and allow property companies to participate in market competition and enter with funds.

Based on the current undesirable phenomena in the industry, Wanwuyun proposed that the Nash equilibrium of community games can only be achieved by relocating rights and obligations, and put forward four major suggestions, including: the government promotes the publicity of owners’ obligations to preserve shared property rights; Industry associations promote the establishment of a rapid judicial adjudication mechanism for "free riding" behavior; the government promotes the update of the owners' committee mechanism; property companies must aim at "sunshine properties", accept supervision and conduct self-discipline

In terms of the secondary market, as of the morning closing of Hong Kong stocks on October 13, Wanwuyun’s share price was HK$23.3, a decrease of 4.31%. The company’s total market value was approximately HK$27.458 billion

According to statistics from CRIC Property Management, as of October 9, only 2 property companies have successfully been listed in Hong Kong in 2023, and the number of listed property companies has expanded to 65. Among them, there are only 7 property companies with a market value of more than 10 billion, and Wanwuyun is one of them.

There is no need to change the original meaning, the content that needs to be rewritten is: Source: TMTpost Media

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