The Birth Background of Yiwu's Huge Market

1. The history of Yiwu market

Yiwu had a tradition of "Chicken Feather for Sugar", and commodity trade had been carried out there before the opening of market economy. Moreover, this kind of business that is like black market was officially recognized by Yiwu Municipal Government in 1982.

Zhejiang Province is an area with developed light industry. Some towns are famous for producing plastic products, clothing, hardware and other products. Yiwu, on the other hand, is famous for Yiwu wholesale market and its products. Originally, Yiwu's products were only sold in Zhejiang Province, but later they were spred all over the country. In the 21st century, Yiwu has become a global market, with buyers from all over the world coming to buy goods.

Why did it happen? That's because if the goods are favored by the management, tens of thousands or even hundreds of thousands of goods will be sold in a single order. So the shopkeepers want to do business with the management and try their best to attract the attention of the management.

2. The change in Yiwu market

But that's what it used to be. Now, great changes have taken place in this China wholesale marketplace. For example, there are few guests in Yiwu International Trade City except for some areas such as Yiwu toys market. The shop assistants have noting to do but spend time on their mobile phones.

There are two main reasons for the significant decrease in the number of guests. One is that buyers "turn to direct purchase", in other words, big customers such as 100 yuan stores no longer buy from the market, but directly take delivery of goods from the manufacturer. Second, it is because of the popularity of e-commerce. In the past, small and medium-sized enterprises from all over the country would go to Yiwu to find a way to make money, see the commodities, grasp the development trend, and exchange information with other buyers. A trip to Yiwu is a very important trip for every buyer. But now e-commerce is popular. There are not only shopping websites for individuals, but also B2B wholesale shopping websites for legal persons. Buyers no longer need to come to Yiwu in person.