Yiwugou.com Launched a New Version of its Online Purchasing Channel

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Jul 20, 2015, 11:00 ET

YIWU, China, July 20, 2015 /PRNewswire/ -- Yiwugou.com, the official website of Yiwu Commodity Market, which is the largest commodity wholesale market in the world, launched a new version of purchasing channel in July. Global buyers can post procurement demands on the new purchasing channel now and get the most appropriate five suppliers automatically matched by Yiwugou.com. This helps global buyers easily purchase goods in the Yiwu Commodity Market with lower costs and higher efficiency.

Yiwu Commodity Market, one of the largest commodity export bases in China, owns 3,059 permanent representative offices of foreign enterprises and more than 13,000 resident foreign businessmen. Including, the UNHCR, Ministry of Foreign Affairs, China Mobile, China Unicom and other institutions have established procurement information centers in Yiwu's Commodity Market. However, the selection process needs to be improved for efficiency as there are so many commodities in the offline market. After nearly three years' of operations, Yiwugou.com has gathered all the information of its suppliers and using big data analytics on this basis, it will improve procurement efficiency and lower procurement costs by matching suitable suppliers.

Yiwugou.com places strict requirements not only for sellers but also for buyers in order to ensure the credibility of transactions. First, there will be a verification by mobile phone when buyers place an order. After this the buyer will be certified for the purchasing channel, which will also provide rights offered by Yiwugou.com and a verified identity medal.

Mrs. Hu Huijun, MD, of Jinfenghuang-kft, is developing a foreign trade business with clients in Hungary, emphasized there is an abundant supply of commodities on Yiwugou.com, which is welcomed by many Hungarians. They receive a lot of inquires and orders every day, due to the ease in selecting and buying goods on the new purchasing channel.

Beijing Noel International Trading Co., Ltd., a partner of Yiwugou.com, has more than 10 years of Sino-Russian trade service experience. Mr. Li Wei, MD of Noel, expressed they believe the first-hand supply chain of Yiwugou.com are quite valuable, "Suppliers on Yiwugou.com are manufacturers, which is superior to other platforms. For instance, sellers on Taobao.com stock from 1688.com while sellers on 1688.com stock from Yiwu Commodity Market. Most sellers on Aliexpress.com are not manufacturers, and stock from Yiwu Commodiy Market. It is well-known that e-commerce is supposed to build on a direct connection between manufacturers and consumers, so we appreciate suppliers on Yiwugou.com. Undoubtedly, support from Yiwugou.com will help us to create more development opportunities in an 'Internet + era.'"