Sina Tech, 8/11/17
Chinese home appliance and consumer electronics retailer Gome (0493.HK) has announced the launch of a handset rental service, called "Gome Zuzu," covering the company's 1,600 retail outlets nationwide. Consumers can arrange the handset rental with a credit card or using their accounts with Chinese third-party payment processor Alipay, to rent smartphones for a year with a monthly payment schedule.
Consumers must undergo a credit check on the Gome Zuzu platform and sign a rental contract, explained Gome Vice President Lin Chao. Renters can use the handset from as soon as their payment clears the financial platform until the end of the contract. When the rental period ends, users have a choice to pay the difference to purchase the handset or return it for another rental.
The rental business includes name brand handsets from Apple, Huawei, Samsung, and Meizu, including both the iPhone 7 and iPhone 7 Plus, which are priced at RMB 330 and RMB 430 per month, respectively.