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The markets of Yiwu cover 43 industries, 1, 901 commodity categories and more than 400, 000 types of goods.
FORBES: Digitizing A Chinese Export Center For E-Commerce
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With a few clicks, global citizens can now experience a trip to the Yiwu market right from their laptops.
FORBES: Digitizing A Chinese Export Center For E-Commerce
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As I step into Yiwu Building No. 1, two things catch my eye.
FORBES: Digitizing A Chinese Export Center For E-Commerce
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Based in Yiwu, in southeastern Zhejiang Province, Neoglory started off in 1995 as a simple low-cost manufacturer of cheap rings, bracelets and necklaces.
FORBES: Smart Investments Push Fortune Of China's Queen of Costume Jewelry, Zhou Xiaoguang, And Her Husband Over $1 Billion
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We have arrived in Yiwu, the self-proclaimed commodities capital of China.
FORBES: Digitizing A Chinese Export Center For E-Commerce
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Li Peng Chao, one of three founders of MarketYiWu.com, held up a sign with my name at the Yiwu train station on a humid and drizzly Saturday morning.
FORBES: Digitizing A Chinese Export Center For E-Commerce
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Like other Yiwu manufacturers, the company is also putting more emphasis on the domestic market, which now accounts for nearly 70% of its revenues, up from 40% seven years ago.
FORBES: Smart Investments Push Fortune Of China's Queen of Costume Jewelry, Zhou Xiaoguang, And Her Husband Over $1 Billion
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He had just returned from a day trip there, and I could tell from the excitement in his voice that the marketplaces of Yiwu were unlike those anywhere else in China.
FORBES: Digitizing A Chinese Export Center For E-Commerce
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Smith has averaged 21.8 points this season playing for the Zhejiang Golden Bulls a team based in Yiwu, a city known for attracting foreign traders to its sprawling markets for locally-manufactured trinkets.
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Like many online marketplaces, there is no minimum order requirement for buyers on MarketYiWu.com, but what is unique about the site is that wholesalers in the U.S. can shop big and receive significant discounts as if they were visiting the Yiwu market themselves.
FORBES: Digitizing A Chinese Export Center For E-Commerce