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Suning.com to launch RMB1 billion subsidies for 5G mobile phone buyers

April 10, 2020


Abstract : Suning.com, owned by Suning Holdings Group, one of the largest commercial enterprises in China, unveiled multiple measures on encouraging customers to buy 5G mobile phones in an online press conference for its 5G Mobile Phone Festival held on Tuesday, reported China Securities Journal.

BEIJING, April 10 (Xinhua) -- Suning.com, owned by Suning Holdings Group, one of the largest commercial enterprises in China, unveiled multiple measures on encouraging customers to buy 5G mobile phones in an online press conference for its 5G Mobile Phone Festival held on Tuesday, reported China Securities Journal.

Hou Enlong, president of Suning.com, announced that his company will launch a 1 billion yuan fund encouraging customers to buy 5G phones together with mobile telecom operators, verticle supply chain partners and trade-in service providers.

Customers who buy the new 5G mobile phones on Suning.com will enjoy the special subsidy with a maximum of 3,030 yuan and enjoy instalments interest-free up to 24 monthly instalments.

Nearly 40 types of mobile phones of different brands, including Huawei, Xiaomi, Honor, vivo, OPPO and Samsung, are put on sale during the 5G Mobile Phone Festival from April 8 to 12, with more than 10 types phones including Huawei Mate 30 5G enjoying 24 monthly instalments interest-free, according to Hou. (Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)


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