Hangzhou to issue new digital coupons, available at all physical stores
People hang out at a night market in Hangzhou, Zhejiang province on Aug 21, 2022. [Photo/VCG]
The Hangzhou government is planning to issue a new round of over 1.3 million digital coupons worth a total of 65.41 million yuan ($9.31 million) at 8 o'clock tonight, local media outlets reported.
The coupons, following a "first come first served" principle, will be issued via mobile payment app Alipay. Each set of coupons is worth 50 yuan, including two 5-yuan coupons, two 10-yuan coupons, and one 20-yuan coupon, and will take effect when the bill surpasses 20 yuan, 40 yuan, and 80 yuan, respectively.
The coupons can be used at all brick-and-mortar shops in Hangzhou (except water, electricity, gas and other life service fees and online top-ups) and will be valid until 12 pm on Sept 25.
Hangzhou previously issued the first round of digital coupons worth a total of 100 million yuan in late August. Coupons with an aggregated value of 84.84 million yuan have been consumed, generating 1.306 billion yuan in total sales revenue.
An autumn shopping festival will also kick off at the most-crowded Hubin pedestrian street tonight, offering local residents nearly 500 sales promotional activities from September to November.
Hangzhou witnessed a sales boom during the Mid-Autumn Festival holiday from Sept 10 to 12, especially in its catering industry, which saw a year-on-year growth of 30 percent in three days.
WeChat Pay advertisements hang from the ceiling at a supermarket in Hangzhou, East China's Zhejiang province. [Photo by Long Wei/China Daily]
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