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Wanda offers coupons worth nearly 200 mln yuan to boost consumption amid epidemic

April 02, 2020


Abstract : Chinese commercial property giant Dalian Wanda Commercial Management Group Co., Ltd. will offer coupons worth nearly 200 million yuan (about 28.2 million U.S. dollars) to consumers to encourage spending in its vast offline retail complex network.

BEIJING, April 1 (Xinhua) -- Chinese commercial property giant Dalian Wanda Commercial Management Group Co., Ltd. will offer coupons worth nearly 200 million yuan (about 28.2 million U.S. dollars) to consumers to encourage spending in its vast offline retail complex network.

Starting from Wednesday, the company's 320 Wanda Plazas will offer a total of 3.84 million coupons to consumers this month, with each coupon worth 50 yuan, Wanda said in a statement.

Consumers can get the coupon via online and offline draws, and enjoy the bill deduction at certain catering businesses and apparel shops in these Wanda Plazas.

The move is expected to boost business for its over 60,000 merchant partners in Wanda Plazas amid the novel coronavirus disease (COVID-19) epidemic. The company earlier had offered them support, such as waiving or delaying payments of rent and property management fees.

All of the company's Wanda Plazas across the country have reopened for business, Wanda said.

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Keyword: Wanda offline retail

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