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Shenzhen Disburses Home Appliance Trade-in Subsidy via MEITUAN-W
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Shenzhen's home appliance trade-in subsidy program officially launched yesterday (1st) on MEITUAN-W (03690.HK)'s Meituan app. By which, Shenzhen citizens can purchase computers, refrigerators, washing machines, televisions, air conditioners, water heaters, gas stoves and range hoods through Meituan Takeaway or Group Buying.

Purchases can enjoy up to 20% discount. The maximum subsidy is RMB2,000 per product, and the maximum savings per person is RMB16,000. More than 100 offline stores in Shenzhen partook in the event.

Related NewsCICC: CN Govt Policy Signal Becomes Clearer; Domestic Demand Expansion Policy Takes into Account Consumption Promotion, Benefit of People

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