Retail in Asia

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Shanghai to boost SMEs, e-commerce

Shanghai will invest CNY100 million (USD16.1 million) this year into a fund to support small and medium-sized enterprises as well as boost e-commerce, Shanghai Daily learned on Monday. The investment will be 25 percent more than what was allotted a year ago, Song Xiaohui, deputy chief of the Shanghai Small and Medium-Sized Enterprises Development Coordination Office, which is under the Shanghai Municipal Commission of Economy and Information Technology, said.

 

(Source: Shanghai Daily)