ILEA003289229: Pinduoduo Subsidy Policy

Home Appliance Trade-in Event in Yichang

YICHANG, CHINA - OCTOBER 5, 2024 - Customers participated in the home appliance trade in event at an ANGEL store on October 5, 2024, in Yichang, Hubei, China. According to the Chinese Ministry of Commerce, since the implementation of the policy of increasing support for the trade in of household appliances in August 2024, the number of participants in the trade in of household appliances in China has exceeded 5 million. Driven by policies, the consumption potential of the domestic home appliance market continues to be released. As of 0:00 on September 29th, 5.11 million consumers have purchased 7.11 million units of eight major categories of household appliances, enjoying a central subsidy of 6.403 billion yuan and driving sales of over 33.5 billion yuan.

Home Appliance Trade-in Event in Yichang

YICHANG, CHINA - OCTOBER 5, 2024 - Customers participated in the home appliance trade in event at an ROBAM store on October 5, 2024, in Yichang, Hubei, China. According to the Chinese Ministry of Commerce, since the implementation of the policy of increasing support for the trade in of household appliances in August 2024, the number of participants in the trade in of household appliances in China has exceeded 5 million. Driven by policies, the consumption potential of the domestic home appliance market continues to be released. As of 0:00 on September 29th, 5.11 million consumers have purchased 7.11 million units of eight major categories of household appliances, enjoying a central subsidy of 6.403 billion yuan and driving sales of over 33.5 billion yuan.

Home Appliance Trade-in Event in Yichang

YICHANG, CHINA - OCTOBER 5, 2024 - Customers participated in the home appliance trade in event at an VOTTI store on October 5, 2024, in Yichang, Hubei, China. According to the Chinese Ministry of Commerce, since the implementation of the policy of increasing support for the trade in of household appliances in August 2024, the number of participants in the trade in of household appliances in China has exceeded 5 million. Driven by policies, the consumption potential of the domestic home appliance market continues to be released. As of 0:00 on September 29th, 5.11 million consumers have purchased 7.11 million units of eight major categories of household appliances, enjoying a central subsidy of 6.403 billion yuan and driving sales of over 33.5 billion yuan.

Pinduoduo Subsidy Policy

YICHANG, CHINA - SEPTEMBER 12, 2024 - The policy page of Pindoduo "10 billion subsidy" is displayed on a mobile phone in Yichang city, Hubei province, China, September 12, 2024. After the launch of Pinduoduo "10 billion reduction" series of policies, received positive feedback from the majority of merchants, in order to continue to help merchants improve quality and efficiency, Pinduoduo upgraded the merchant service fee refund rights and interests again, and the technical service fee of the first use and pay orders was reduced from 1% to 0.6%, which has covered the full number of merchants.

Pinduoduo Subsidy Policy

YICHANG, CHINA - SEPTEMBER 12, 2024 - The policy page of Pindoduo "10 billion subsidy" is displayed on a mobile phone in Yichang city, Hubei province, China, September 12, 2024. After the launch of Pinduoduo "10 billion reduction" series of policies, received positive feedback from the majority of merchants, in order to continue to help merchants improve quality and efficiency, Pinduoduo upgraded the merchant service fee refund rights and interests again, and the technical service fee of the first use and pay orders was reduced from 1% to 0.6%, which has covered the full number of merchants.