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June 5, 2020

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Platforms vow to help small firms

Major digital platforms have vowed further supportive measures following central and local government pledges to revitalize street vendors and small mom-and-pop stores which are vital for economic recovery.

Premier Li Keqiang called for more supportive measures for independent vendors and small businesses eager to make up for income losses during a visit to Yantai in Shandong Province earlier this week.

AliPay said more than 260,000 micro businesses in Shanghai reported year-on-year increases of combined sales in April and May, suggesting a gradual return in business vitality.

In May delivery orders of small businesses and individual vendors were around 90 percent of the same period a year ago, as many turned to online formats to reboot business.

New merchants on include vendors of beverages.

Liu Dongjie who sells soya drinks and dim sum during breakfast hours from a small shop on Wanping Road S. said although dine-in spending is only 40 percent of normal, delivery orders have returned to the same level as a year earlier.


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