WAL-MART China: Add A Billion Yuan Rent Subsidy Scheme To Support Leasing Business

A few days ago, WAL-MART China announced that rental businesses and all management fees in February 2020 were free for all rental businesses relocated to WAL-MART shopping plaza, community stores and Sam member stores. The rent and management fees of Hubei, Chongqing and Wenzhou, February 2020 and March were all free.

It is understood that in response to the above tenants, WAL-MART announced in February 4th that the rent and management fees will be halved between January 25, 2020 and February 8, 2020 (the first year of January to the fifteen of January). WAL-MART said at the time that the company and its tenants were providing customers with a safe and reliable service environment to ensure their basic needs.

In fact, after the outbreak of the epidemic, many enterprises have taken actions to fight against the epidemic through reducing rent and rent for merchants. It is reported that the Suning side also announced that the cooperation brand of Suning Plaza and suning.com plaza should be exempt from the total rent of 15 days in January 25th -2 8 (the 1th day of the first month of the Chinese lunar calendar to fifteen).

In addition, the Department Store Department of BBK group recently announced that it will free all rental businesses of BBK department from January 25, 2020 to February 8th.