During the extraordinary period of fighting the epidemic, many companies introduced such policies.
On January 29, China Merchants Shekou issued an announcement on its WeChat public account, announcing the implementation of a rent reduction plan for its shopping malls in operation. The specific measures are subject to the store announcement.
During the extraordinary period of fighting the epidemic, many companies introduced such policies. Wanda Commercial Management will implement a free rent and property fee policy for all merchants in Wanda Plaza across the country from January 24 to February 25.
Baolong Commercial announced that its 45 shopping malls will halve the rent of all merchants during the first day to the ninth day of the first month.
Yuzhou Commercial announced on the 28th that the shopping malls and community commercial centers under its management will be halved from the first day of the year (January 25) to the first day of the ninth day (February 2).
Hongyang Commercial also launched a series of measures including halving the rent of merchants in shopping malls and non-destructive cancellation of hotel reservations on the 28th. The rents of brands operating in Nanjing Hongyang Plaza, Changzhou Hongyang Plaza, and Yantai Zhifang Hongyang Plaza will be halved from January 25 (first day) to January 31 (first day).
For Poly Business’ 22 shopping malls, it will reduce or reduce the rent of branded merchants for 6 days from the first day to the sixth day of the first month.
