China’s Silicon Valley issues new policies to cultivate its own e-commerce giant, boost local online retail industry

Source: Tech – South China Morning PostShenzhen, southern China’s tech hub, wants to give a boost to the e-commerce industry through a new set of rules, as it seeks to cultivate its own online shopping giant.The city will provide funding and support to e-commerce companies and related businesses to “accelerate the development of large-scale e-commerce platforms” and “vigorously promote the application of e-commerce”, according to rules published by the Commerce Bureau of Shenzhen Municipality.Firms that meet eligibility requirements…Read More

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