YIWU, China, Oct. 22, 2015 /PRNewswire/ -- Yiwugou.com, the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world, launched cross-border wholesale E-commerce platform, www.yiwubuy.com, at Yiwugou.com's third anniversary conference on October 21, in Yiwu, China, which can offer one-stop cross-border purchasing services, including online payments, logistics and more for global buyers.
As everyone knows, E-commerce platforms need efficient management of information, capital and logistics. At the beginning,Yiwugou.com provided a credible information channel for buyers who are not in the physical market. Thus, buyers from anywhere can choose commodities online and order from suitable suppliers offline. With the launching of yiwubuy.com, Yiwugou.com's E-commerce system was improved in both capital and logistics. On one hand, buyers can view more detailed product information on yiwubuy.com like price, specifications, size, packages, materials, etc. On the other hand, they can buy direct online and complete online-payment for goods, freight, customs clearance and others. Being deeply involved in trading links, yiwubuy.com endeavors to continuously to ensure unimpeded trade and improve the purchasing experiences of buyers from around the globe.
Additionally, the yiwubuy.com business model is cross-border wholesale, which is consistent with physical market. "Cross-border E-commerce in China is retail-focused. However, small quantity, low integration of goods, high logistics cost and high fee of third-party payment restrict its development. Based on the largest physical market, yiwubuy.com is committed to building a cross-border O2O E-commerce platform with regional advantage and solve the above-mentioned problems," Mr. Wang Jianjun, CEO of Yiwugou.com, said, "Certainly, wholesale business models may make it hard for the development of yiwubuy.com. Whereas, we can gain a lot of benefits if it's successful."
After so many years of development, Yiwu commodity market has many advantages to develop cross-border E-commerce, including an abundant commodities supply chain, concentrated global logistics with competitive prices, many years of experience in the foreign trade export, local government's preferential policy support for foreign trade, etc. Depending on the effective integration of available resources along with a perfected credit system, hopefully, Yiwubuy.com is able to develop a unique cross-border wholesale E-commerce platform that is convenient, fast and credible for global procurers.
By mid-2015, the E-commerce transactions of Yiwu had achieved 61.8 billion yuan with a 31 percent increase year-on-year. As for B2B, transactions were 17.3 billion yuan with year-on-year growth of 25 percent.