Smart homes to become standard in a decade: report

Several property developers recently formed partnerships with tech companies on building smart homes in China, a concept that has been circulated since the late 1990s but has yet to take off, according to Guangzhou's Time Weekly.

Property developers have borrowed the smart home concept unveiled by Microsoft when Bill Gates was in charge but it has been mostly used as a marketing tactic, the report said.

The latest smart home trend is also being pushed by tech companies, with Google and Apple recently introducing "Project Brillo" and "HomeKit," respectively, as products aimed at this segment of the market.

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