Tag: HUNAN
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E-Commerce Giants Capitalize on China’s New Trade-In Programme
Major e-commerce companies in China, including Alibaba and JD.com, are leveraging government subsidies to boost consumer spending on home appliances. The trade-in program offers rebates up to 2,000 yuan per appliance, stimulating competition among e-commerce platforms. China’s prominent e-commerce platforms, including JD.com and Alibaba Group Holding, are rapidly integrating into Beijing’s newest subsidy initiative designed…
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E-commerce Giants Embrace China’s Subsidy Program to Boost Consumer Spending
Major e-commerce firms in China, including JD.com and Alibaba Group, are participating in a renewed subsidy scheme aimed at encouraging consumer purchases of home appliances. Both companies have launched initiatives that offer substantial rebates on eligible appliances, as the government seeks to stimulate spending and strengthen the economy. In a bid to foster consumer spending,…