Shenzhen Municipal Government Helps Chinese E-Commerce Enterprises Cope with Amazon Bans

(Source: iStockphoto) 

The municipal government in China’s southern city of Shenzhen issued a notice on August 5 that it would provide preferential subsidies worth 2 million yuan ($309,000) for individual business ventures to help cross-border e-commerce enterprises cope with Amazon’s recent suspending of accounts.

Enterprises applying for subsidies must …