Guangzhou will take out 500 million funds each year to develop E-commerce

Recently, the Guangzhou municipal government revealed that the city will take out 500 million annual support funds to develop http://www.aliyun.com/zixun/aggregation/42.html "> e-commerce, and the vicious price competition should be restrained."

It is reported that the Guangzhou municipal government decided to come up with 500 million of special funds each year to support e-commerce development, and will be the introduction of relevant supporting policies. For the previous 820.html "> Network retailer price war, Guangzhou city concerned person in charge that in line with market norms, a certain price competition is conducive to business development. Although electronic commerce will cause great pressure to the real business, but this kind of pressure will promote the transformation and upgrade of the whole industry, enhance the core competitive ability, have the positive meaning. At the same time, Guangzhou City will also be vicious, malicious price war to give restraint.