News on August 27th: The third installment of funds for the national trade-in subsidy program has arrived, with Taobao and Tmall pioneering access to these subsidies starting from August 26th. Residents of Beijing, Shanghai, Zhejiang, Guangdong, and other provinces and municipalities can access the dedicated area via the Taobao APP homepage or by searching for "national subsidy" to avail themselves of relevant subsidies. This year, the scope of the trade-in subsidy program has been significantly expanded, now encompassing smart lights, study desks and chairs, and study machines for the first time, with subsidies reaching up to 20%. Furthermore, 3C digital products such as mobile phones, tablets, and smartwatches/bracelets priced below 6000 yuan are eligible for a 15% subsidy, amounting to a maximum discount of 500 yuan. This timely initiative aligns perfectly with the back-to-school season, offering consumers more budget-friendly options.