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Maximum reward of 500k yuan for e-commerce firms
Updated: 2019-11-27    Source: Zhongshan Daily Large Medium Small Print

Zhongshan recently released the "Zhongshan Special Funds for Commercial Development Implementing Rules (Projects to Promote E-commerce)".

The Implementing Rules mention to support companies to separate production from sales by applying e-commerce. E-commerce companies established by manufacturing companies, whose annual operating income reaches 5 million yuan upon the first application and the service fee paid to the third-party e-commerce trading platforms reaches 200,000 yuan, will be granted an additional one-time reward of 100,000 yuan .

If the annual operating income reaches 10 million yuan,  each company will receive a fund support of 20% of its service fee paid to the third-party e-commerce trading platform, 500,000 yuan top.

The two items mentioned above can be accumulated upon the first application.

Companies who establish their e-commerce trading platforms, through which they sell 100 million yuan of physical goods, with the number of transactions reaching 50,000 and the annual operating income of the platform reaching 3 million yuan, can receive a subsidy of 100,000 yuan each. For those whose operating income reaches 3 million yuan, every 200,000 yuan increase in operating income could help these companies get a supplementary 10,000 yuan as  fund support. The maximum cumulative annual fund support for each company shall be 500,000 yuan.

The Implementing Rules support manufacturing companies to carry out business activities through third-party e-commerce trading platforms. The fund support (maximum 300,000 yuan) will be 10% of their annual service fee paid to the third-party e-commerce trading platforms for those companies whose annual business income stands at 30 million yuan.

The Implementing Rules also support companies to carry out cross-border e-commerce. For companies carrying out cross-border e-commerce through customs supervision codes such as 9610, 1210 and 1239, and their annual import and export value of cross-border e-commerce reaches 10 million yuan, a subsidy of 30,000 yuan shall be given as fund support; for every increase of 2 million yuan in export value, an additional 10,000 yuan shall be granted. The maximum cumulative annual support fund for each company is 500,000 yuan.

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