Yiwugou.com Attends the China Big Data Industry Summit & China E-Commerce Innovation and Development Summit

YIWU, China, May 31, 2016 /PRNewswire/ -- Yiwugou.com, the official website of the Yiwu Commodity Market, which is the largest wholesale commodity market in the world, attended the China Big Data Industry Summit & China E-Commerce Innovation and Development Summit (Guiyang International Big Data Expo) in Guiyang, Guizhou Province on May 25-27. The Summit was co-sponsored by China's National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Commerce, Office of the Central Leading Group for Cyberspace Affairs, and Guizhou Provincial People's Government.

According to http://www.gov.cn, a senior official addressed the Summit, indicating that the Expo has turned into a national event. The Expo was graced by the presence of over 20,000 domestic and international heavyweights, including Derek Aberle (President of Qualcomm); Michael Dell (President of Dell); Lu Qi (Executive Vice President of Microsoft); Mao Yunan (President of HPE China); Guo Taiming (President of Foxconn); Ma Huateng (Chairman of Tencent Board of Directors); Li Yanhong (President of Baidu); and Liu Qiangdong (CEO of JD.com). Wang Jianjun, CEO of Yiwugou.com, attended the opening ceremony and delivered a speech at the Exchange Meeting Among National E-Commerce Demonstration Cities on the morning of May 26.

As Yiwu ranks among China's National E-Commerce Demonstration Cities, the Yiwu Municipal Government prioritizes e-commerce as a strategic pioneer industry, aiming to forge the city into an online merchant cluster in China, a global e-goods marketing center, and the heartland of cross-border e-commerce. As a result, e-commerce is developing at a break-neck speed in Yiwu. In 2015, Yiwu registered RMB 151.1 billion in gross merchandise volume (GMV), up 31% YoY. Cross-border GMV recorded RMB 58.2 billion, jumping 34% from 2014. There was a daily average shipment of 2.5 million pieces of express mail, including 0.6 million international packages.

As a leading e-business of Yiwu City, Yiwugou.com stays committed to the idea of online & offline integration, and has developed an O2O credit transaction guarantee system. In 2013, based on the features of small- and medium-sized firms and commodity supply chains, Yiwugou.com came up with and created a typical business-to-retailer (B2R) e-commerce model, which has been promoted in other parts of China and the world through the Integration Plan. To date, the Integration Plan has over 70 partners. This year, Yiwugou.com has upgraded the Integration Plan to Version 2.0, and is working with its partners to build a master warehouse for a cloud platform to store big data on products (e.g. data on shops, goods, users, information), in a bid to innovate its e-commerce platform by virtue of big data.

Moreover, in early June, Yiwugou.com will unveil its all-new Crowdfunding Project, which aims to offer highly competitive group wholesale services to merchants in Yiwu Commodities Market. The upcoming project is destined to attract widespread attention, thanks to its cost-efficient products, quality services, and full-fledged credit mechanisms.

About Yiwugou.com: http://www.yiwugou.com

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