The Yiwu Market Group is the operator of the Yiwu International Trade Market, widely regarded as the largest wholesale market for small commodities in the world. Located in Yiwu, Zhejiang Province, China, this trade hub has become a cornerstone of global commerce, connecting millions of suppliers and buyers.

About Yiwu International Trade Market

The Yiwu International Trade Market, also known as the China Commodity City, is a vast wholesale market that spans several districts and offers an unparalleled variety of products.

Key Highlights

1. Founded:
   Established in the 1980s, the market has grown to become an integral part of China's "World Factory" economy.

2. Global Trade Impact:
   The market supplies products to over 200 countries and regions, making it a central hub for international trade.

3. Scale and Scope:

   • Floor Area: Covers over 6.4 million square meters.
   • Shops: Hosts over 75,000 vendors.
   • Products: Offers over 2.1 million varieties of goods across multiple categories, including household items, toys, hardware, and textiles.

4. Categories of Goods:

   • Fashion accessories and jewelry.
   • Stationery and office supplies.
   • Homeware and kitchen supplies.
   • Electronics and hardware tools.
   • Seasonal decorations and much more.

Awards and Recognition

• Recognized as the World’s Largest Wholesale Market for Small Commodities by the United Nations and World Bank.
• Frequently referred to as the "World Supermarket" due to its vast product range and competitive pricing.

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About Yiwu Market Group

The Yiwu Market Group operates and manages the Yiwu International Trade Market and plays a pivotal role in the region's economic development.

Key Functions

1. Market Management:
   Ensures smooth operation and efficient management of the market's vast infrastructure.

2. Digital Transformation:
   Develops and integrates e-commerce platforms to connect suppliers and buyers globally.

3. YiwuPay (义乌支付):
   Operates its own payment system to facilitate secure and fast local and international transactions.

4. Supporting Global Trade:
   Offers logistics, warehousing, and financing services to support international buyers and exporters.

Commitment to Innovation

Yiwu Market Group has embraced technology and sustainability to modernize its operations. From digital payment systems to smart logistics solutions, it is committed to providing seamless trade experiences.

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Why Yiwu Market Matters

1. Central to Global Trade
   Yiwu is a one-stop sourcing destination for businesses worldwide, from small retailers to large multinational corporations.

2. Affordable Pricing
   The market's scale and competition ensure the most competitive prices for bulk purchases.

3. Reliability and Trust
   With decades of experience and robust management, the Yiwu Market Group has built a reputation as a trusted partner in international trade.

4. Integration with Technology
   Through innovations such as YiwuPay and logistics optimization, Yiwu is keeping pace with the demands of a globalized economy.

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Yiwu Market Group and SINO2B

As a cross-border e-commerce platform, SINO2B partners closely with the Yiwu Market Group to provide businesses worldwide with:

• Direct access to Yiwu's extensive supplier network.
• Trusted payment solutions through YiwuPay.
• Comprehensive logistics support, ensuring products are shipped efficiently and securely.

Together, SINO2B and the Yiwu Market Group are simplifying global trade, making sourcing and shipping easier than ever for businesses of all sizes.

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Explore More

To learn more about the Yiwu International Trade Market and the Yiwu Market Group, visit their official website:
Yiwu Market Group

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Last Updated: December 29, 2024