Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Technology

    Internet firms provide aid for merchants

    By Fan Feifei | China Daily | Updated: 2020-02-18 09:17
    Share
    Share - WeChat
    JD employees operate a driverless package delivery vehicle in Wuhan, capital of Central China's Hubei province, on Feb 7. [Photo by Zhu Xingxin/China Daily]

    Measures include expense reduction, financial and logistics support, data flow information sharing and health protection

    Chinese internet companies are reducing or scrapping commission fees, extending payment deadlines and providing loans with low interest rates for merchants on their platforms to help the latter alleviate pressure caused by the difficult situation resulting from the novel coronavirus outbreak.

    Chinese e-commerce giant JD has rolled out 11 subsidy support measures for 250,000 merchants on its platform. These measures include expense reduction, financial and logistics support, data flow support, technical support and health protection.

    For the merchants in Hubei province, the epicenter of the epidemic, JD will waive one month of fees, provide a maximum insurance premium of 300,000 yuan ($43,000) and give their products more traffic data support on its online marketplaces. Additionally, one month of free operations will be offered to these merchants.

    JD Health, the health and medical unit of JD, will provide free doctor consultation services for all enterprise employees across the nation. JD Digits will also launch an interest fee reduction and delayed repayment policy.

    JD Logistics will provide one-on-one customer service for new merchants who use JD's fulfillment services and 48-hour rapid contract signing, enabling them to get up and running on the platform hassle-free.

    Alibaba Group said all of the merchants on Tmall, its business-to-customer site, will be waived of service fees for the first half of this year. For select vendors from Hubei province, Tmall will help manage virtual stores' operations for three months free of charge.

    MYbank, an online private commercial bank under Ant Financial, announced a series of measures aimed at helping small business owners overcome the economic impact of the epidemic, especially those in Hubei province.

    It will offer 20 billion yuan worth of special loans to Taobao and Tmall merchants. Starting on Feb 2, MYbank reduced interest rates of business loans by 10 percent for 1.8 million Hubei small business owners, including 1.5 million mom-and-pop shop owners and 300,000 medical supply dealers. Small businesses whose owners are infected by the coronavirus can also contact MYbank through its hotline to apply for interest exemptions.

    Small and medium-sized enterprises are a fundamental and crucial part of China's real economy, and these measures are aimed at ensuring these businesses can cope with and survive these challenging times, MYbank said.

    Internet search engine giant Baidu Inc has opened 240 artificial intelligence technologies and offered free access to its internet of things platforms for one year, as well as provided remote office services to SMEs in Wuhan free of charge.

    Chinese commercial giant Suning.com Co announced a string of preferential measures to ease the pressure of retailers on its platform. This includes exempting the platform usage fees and commission fees on 308 epidemic prevention and control products, such as masks and disinfectant and commodities involving people's basic livelihood, from February to March.

    "Goods and material support must be given top priority during difficult times," said Suning Chairman Zhang Jindong, adding the group will continue to offer assistance to their partner merchants, especially small-and medium-sized enterprises to minimize damage, as they are playing a vital role in creating jobs in China.

    Suning Logistics has offered a 50 percent discount on delivery charges for retailers who sell such products. It will also lower the loan interest rates by 20 percent and grant small loans on credit for them.

    Brands partnered with Suning's brick-and-mortar retailing plazas will also be exempted from rent for the period between Jan 25 and Feb 28, Suning Plaza Commercial Management said.

    Chen Liteng, an analyst from the Internet Economy Research Institute of China E-commerce Research, said the merchants are important partners of the platforms so their current difficulties and losses will have a negative impact on the platform operators.

    "The capital and technology support will help enterprises tide over the difficulties, which is also a future investment that internet platforms have made by themselves," Chen said.

    After the epidemic, the partnership between merchants and platforms will be more solid and conducive to their long-term cooperation and is a win-win development, Chen noted.

    In addition, Alibaba's local services company said it has decided to waive commission fees for merchants listed on its lifestyle services platform Koubei since restaurants, supermarkets and convenience stores have encountered some difficulties during the coronavirus outbreak.

    The commission fees will be suspended for merchants until Feb 29, while merchants in Wuhan, the capital of Central China's Hubei province, will have their fees exempted until March 31.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    国产成人三级经典中文| 亚洲AV中文无码乱人伦在线视色| 最近2019年中文字幕6| 88国产精品无码一区二区三区| 亚洲成A人片在线观看中文| 中文字幕AV影片在线手机播放| 亚洲AV无码一区二区三区系列| 中文字幕你懂得| 中文无码制服丝袜人妻av| 国产高清无码视频| 久久无码人妻一区二区三区午夜| 综合久久久久久中文字幕亚洲国产国产综合一区首 | 天堂Aⅴ无码一区二区三区| 中文字幕在线观看有码| 国精无码欧精品亚洲一区| 亚洲精品成人无码中文毛片不卡| 中文字幕亚洲精品无码| 久久久网中文字幕| 亚洲欧美日韩国产中文| 久久ZYZ资源站无码中文动漫| 日本妇人成熟免费中文字幕| 国产精品成人无码久久久久久 | 亚洲欧美日韩中文字幕一区二区三区 | 一区 二区 三区 中文字幕| 亚洲综合日韩中文字幕v在线| 中文字幕无码一区二区免费| 一级毛片中出无码| 人妻无码αv中文字幕久久琪琪布| 精品无人区无码乱码大片国产| 精品无码AV一区二区三区不卡| 日韩乱码人妻无码系列中文字幕| 亚洲国产精品成人精品无码区在线| 国产成人亚洲综合无码| 精品久久久无码人妻中文字幕| 13小箩利洗澡无码视频网站免费 | 亚洲国产精品无码专区在线观看| 亚洲精品无码久久久影院相关影片 | 亚洲中文字幕无码久久精品1| 亚洲精品一级无码中文字幕| 亚洲精品欧美精品中文字幕| 久久精品中文字幕一区|