The Yinchuan International Business Incubator helped businesses receive a total financing of 493 million yuan by enhancing online and offline financing service platforms, according to the incubator on Dec. 14.

A total of 38 businesses received a total financing of 150 million yuan through small and micro scientific and technological businesses risk compensation funds and the incubator’s online and offline financing service platforms released loans totaling 343 million yuan for the enterprises.

According to a recently released document, e-commerce businesses at the Yinchuan Economic and Technological Development Area can enjoy rent-free offices for five years and specific e-commerce platforms featuring auto, flowers, food and entertainment will be established soon.