YIWU, China, Oct. 22, 2018 /PRNewswire/ -- Yiwugo.com, the official website of the largest commodity wholesale market in the world, held the press conference for the Cross-Border Exclusive Project in the Hall A of Yiwu International Expo Center on October 21. The project aims to provide a reliable and convenient online supply channel for small and medium-sized cross-border e-businesses. The event was attended by officials of China Commodities City Group and various partner organizations, and dozens of journalists.
According to the data from Yiwu Municipal Bureau of Commerce, in the first half of 2018, the number of Yiwu's cross-border e-commerce sellers exceeded 120,000, and the city ranked second in China in terms of the density of cross-border e-business companies. There are several major factors contributing to such impressive figures, one of which is the large supply of primary good sources. Thanks to these sellers' dedicated efforts, products from Yiwu have been able to quickly flow to the world through various mainstream cross-border e-commerce platforms such as AliExpress, Dunhuang.com and Amazon.
For the sellers in Yiwu, it is fairly convenient to purchase goods from the markets in the city. However, when working to facilitate small and medium-sized cross-border e-businesses outside Yiwu, they are not able to purchase the goods as easily, a problem that needs to be solved urgently. As the official website of the China Commodities City, Yiwugo.com launched the Cross-Border Exclusive Project, in order to provide favorable conditions to small and medium-sized cross-border e-commerce sellers in various regions around the world. The suppliers listed in the Project have been carefully selected, to meet the purchase demands in the following aspects:
First, the suppliers must have a good integrity record, guaranteed product quality, and they must meet relevant foreign trade standards and requirements.
Second, they must cater to the product needs of foreign customers. As one of the largest commodity export bases in China, Yiwu has been supplying products to more than 210 countries and regions. Many suppliers there have long histories of foreign trade and their products have been increasingly popular among foreign customers, such as the knitted underwear in America, the affordable digital products in India, and the beautiful home furnishings and clothing popular among African customers.
Third, they must have a guaranteed delivery capacity and accept small shipments. Suppliers in Yiwu have long been accustomed to mass production, which reduces production and inventory costs, thereby realizing the best cost performance. However, small and medium-sized cross-border e-commerce sellers on platforms such as AliExpress, Dunhuang.com, and Amazon are usually engaged in small or retail business and therefore want to place small and fast orders. Facing such requirements, the suppliers chosen for the Project heave made a considerable effort in flexible production and inventory optimization to meet the procurement needs of the small and medium-sized cross-border e-commerce sellers.
Fourth, they must have certain e-commerce capabilities, which include high-quality product images, and detailed, precise descriptions, so that small and medium-sized cross-border e-commerce sellers can easily forward the information to their stores.