Yiwu's Upgrade from the City of Small Commodities to E-commerce Sales

1. Yiwu small commodity market turned into a city on the "cloud"

Prosperity must decline. With the gradual rise of e-commerce, merchants who "keep the shop and find business" find that the number of customers has decreased and the orders have shrunk.

A local merchant in Yiwu told us that once the hottest shops suffered price drops or even cut in half, the newly opened market is even more impressive. Yiwu small commodity market has encountered unprecedented difficulties.

In response to the situation, Yiwu chose to actively embrace the Internet and moved 75,000 physical merchants to Yiwu's small commodity online platform, turning from a "city on the city" to a "city on the cloud". In 2017, the total online transaction volume exceeded 6 billion yuan.

Yiwu's major e-commerce platforms are also increasing day by day, in addition to Tmall, Taobao, JD.com, Pinduoduo, Gome, Suning, etc. According to statistics from the Yiwu Municipal Bureau of Commerce, Yiwu now has more than 278,000 online merchant accounts on major e-commerce platforms.

2. Yiwu China commodity city has been open to the world

In 2017, the transaction volume of Yiwu China Commodity City reached 122.6 billion yuan, a year-on-year increase of 10.9%; Yiwu City's e-commerce transaction volume reached 222.03 billion yuan, a year-on-year increase of 25.3%.

As one of the China's largest and most comprehensive online goods supply bases, Yiwu is also one of the cities with the best comprehensive conditions for engaging in e-commerce in the country. According to statistics, 70% of the products of retail online merchants are Yiwu products, and more than 80% of the products of wholesale online merchants are from Yiwu.

Wherever the commodities in the Yiwu Small Commodity Market "fly", Yiwu Logistics will follow it, and it has formed a global and nationwide logistics distribution network.

"One of the cities with the lowest e-commerce cost, the most complete supporting facilities, and the best efficiency in the country." E-commerce entrepreneurs commented on Yiwu.