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  • Yiwu Jinlian Central Warehouse under Alibaba was opened

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2020-10-13
  •     On August 31st, the opening and unveiling ceremony of Yiwu Jinlian Central Warehouse under Alibaba was held. This is another cooperation between the world's largest physical commodity market and the world's largest online trading market. Since the signing of eWTP strategic cooperation agreement, Yiwu Municipal Bureau of Commerce and Alibaba have maintained close contact and launched all-round in-depth cooperation to build industrial belt in Yiwu. At present, the industrial belt owns over 7,300 members, with an increase of more than 80% compared with the 4,000 members at the beginning of the cooperation. The transaction volume of the belt has achieved an annual growth of 155% as well. It has initiated a new export mode of "market procurement + cross-border e-commerce", built an online order fulfillment center, and launched 15 standardized logistics products as a result. From August 10th to 26th this year, it also held an online exhibition of Yiwu small commodities with Alibaba, attracting 633 Yiwu merchants to participate in. Consequently, the number of daily active purchasers has achieved a year-on-year growth of 300%.
        According to the relevant responsible person of Yiwu Municipal Bureau of Commerce, the opening of Jinlian Warehouse is the latest development of logistics sector under the new export mode of "market procurement + cross-border e-commerce", and will become the carrier for promoting the implementation of online order fulfillment center, as jointly established by Yiwu and Alibaba. It will benefit a large number of small and medium-sized sellers on Alibaba, enabling them to enjoy standardized, contractual and cost-effective logistic products.