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Amazon Invests in Home Builders for the First Time to Support Startup to Focus on Prefabricated House

Translated by CIHIE Committee
Source: http://www.rfuchina.com/mingshengyule/201809/268520.html 
 
Amazon targets the prefabricated house market to invest in home builders to uphold startup to focus on prefabricated houses. 
 
Plant Prefab invested by Alexa Fund signifies that sustainable building techniques and materials are used to build prefabricated custom single and multi-family homes in a bid to utilize automation to build houses and lower the costs. This is the new market for Amazon and Alexa Fund, which always props up the startup specialized in voice tech. The investment comes less than a week after amazon rolled out a dozen smart home devices powered by Alexa. In addition, Amazon takes over Ring, the maker in smart doorbells. 
 
According to Zion Market Research, the smart home market is expected to grow to $53 billion by 2022. As the major future trend, the current prefabricated house industry is a matter of great concern. The figure from Qianzhan reveals that the scale of the prefabricated building market will reach 698.2 billion yuan in 2020 and 1.4389 trillion yuan in 2025.
 
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