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JD-SW Teams Up with 100+ Brands to Launch RMB10B Dual-Subsidy Plan for Home Appliances and Furnishings
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To further eliminate potential safety hazards posed by overaged home appliances and to bring more green and smart home appliance and furnishing products into households, the official JD press release platform stated that JD-SW (09618.HK), together with more than 100 brands including Haier and MIDEA GROUP (00300.HK), officially launched a “RMB10 billion dual-subsidy” plan for home appliances and furnishings. JD plans to jointly invest RMB10 billion in dedicated subsidies with participating brands over the coming year to lower the threshold for consumers to replace old products. In the meantime, leveraging its supply chain advantages in large-scale bulk procurement, the company will help partner brands reduce costs and improve efficiency. Auto-translated by AI AASTOCKS Financial News |
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