Where will the E-commerce in China end up after the pandemic? -Focusing at Yiwu, the city of E-commerce, during the COVID-19

By Haixiao Shen, Yikyeung Lam and Xing Gao Yiwu, the “supermarket for the world”, has suffered from the epidemic and experienced an “economic crisis”. However, many parts of Yiwu and its citizens have survived relying on their outstanding entrepreneurial ability. Speaking of daily shopping, online purchases are gradually dominating the Chinese market. In the past few decades, the world has witnessed the colossal blossom in … Continue reading Where will the E-commerce in China end up after the pandemic? -Focusing at Yiwu, the city of E-commerce, during the COVID-19

The New Industry: Live Streaming and E-commerce Training

By Kaixin Feng, Rongjia Chen, Shijie Li and Qile Chen COVID-19 hit myriad industries unexpectedly. In particular, it has struck the world’s largest small commodities market hard. As both overseas and in-country traveling are significantly hindered, the merchants of Yiwu has struggled to combat the numerous effects of the virus. Wholesalers around the globe, who were previously engaged in trade relationships with Yiwu merchants, are … Continue reading The New Industry: Live Streaming and E-commerce Training

Chinese Logistics Companies & International Market, What Will Happen Next?

By Xiangjun Fu, Jiawei Zhou, Zhengqi Zhou and Muyuan Zhu (Listed in alphebatical order) The city of Yiwu is famous for being the “Largest small commodity wholesale market in the world.” Nowadays, Yiwu’s logistics industry is developing at an unprecedented rate. It has already become an international port city designated by the United Nations ESCAP and also listed as a national secondary logistics park layout … Continue reading Chinese Logistics Companies & International Market, What Will Happen Next?

Dilemmas and the Way Out of Yiwu’s Global Trade

By Yunlei Duan, Hao Zhu, Tsz Nga Tsui, Xinmeng Wang Over the past few decades, Yiwu, a small city in the middle of Zhejiang Province, has successfully transformed from a poor county to one of the wealthiest counties in China by a successful international trade business.  Nowadays, the products from Yiwu are sold to over 200 countries, mostly to the Middle East, Europe, and Latin … Continue reading Dilemmas and the Way Out of Yiwu’s Global Trade

Is the Street Stall Economy Possible for Sustainable Development?

By Kaiyue Zheng, Yihang Feng, Yujing Zheng In the early summer of 2020, “street-stall economy” became a much-discussed term in China, just after Chinese Premier Li Keqiang praised and voiced his support for such an economy in his speech in June. Tens of thousands of people devoted themselves to the street vending economy, bringing long-lost prosperity to the cities and the streets, right after the … Continue reading Is the Street Stall Economy Possible for Sustainable Development?