The Beijing Municipal Commerce Bureau has issued guidelines outlining 7 measures to promote smart-glasses consumption, including subsidies for new purchases and expanded duty-free tax refunds, with specific eligibility conditions.
The Beijing Municipal Commerce Bureau recently issued the Guidelines on Policies to Promote Smart-Glasses Consumption to promote smart-glasses consumption across the supply chain. The guidelines set out 7 support measures, including subsidies for new purchases, first-store openings, new product launches, brand collaborations, international consumption scenarios, duty-free tax refunds, digital transformation (DX), and international market development.
The guidelines specify a subsidy of 15% of the final retail price of eligible smart-glasses products, capped at 500 yuan per item. In addition, companies using new business models such as livestream commerce, AI and big data will be eligible for support of up to 50% of their actual investment, capped at 1 million yuan per company.
To promote purchases by inbound tourists, the policy will also support expanding the range of duty-free goods and increasing refund amounts. It provides for incentives related to duty-free purchases of up to 1 million yuan per quarter and 4 million yuan per year.