Pingnan stimulates e-commerce development

( chinadaily.com.cn )

Updated: 2015-11-04

Pingnan unveiled a fresh policy in October to support local e-commerce businesses, reported the Min Dong Daily.

The government will set up a special fund to subsidize training, research projects, investment and financing in the sector.

E-commerce businesses that reap 5 million yuan ($789,500), 10 million yuan, 50 million yuan or 100 million yuan or above in annual online sales for the first time will be granted 20,000, 50,000, 100,000, or 200,000 yuan in a lump sum, respectively.

E-commerce businesses that sell pollution-free, organic agricultural products or products with the agro-product geographical indications and reap 1 million, 5 million, or 10 million yuan or above in annual online sales for the first time will be granted 20,000, 50,000, or 100,000 yuan in a lump sum, respectively.

E-commerce businesses that win related national or provincial awards will be granted 200,000 or 100,000 yuan, respectively.

In addition, the policy encourages college students to start their own online businesses.