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  2. Yiwu International Trade City - Wikipedia

    en.wikipedia.org/wiki/Yiwu_International_Trade_City

    Number of stores. 75,000+ [2] Yiwu International Trade City ( Chinese: 义乌国际商贸城 ), also known as the Yiwu Market, is the primary wholesale market complex in Yiwu, Zhejiang, China. According to the World Bank, it is the world's largest small commodities market. [3] [4] In 2022, the market sold around US$70 billion of goods.

  3. Group buying - Wikipedia

    en.wikipedia.org/wiki/Group_buying

    Group buying. Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China, where it is known as Tuán Gòu ( Chinese: 团购 ), or team buying. [1]

  4. Alibaba Group - Wikipedia

    en.wikipedia.org/wiki/Alibaba_Group

    Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.Founded on 28 June 1999 [1] in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer ...

  5. DHgate.com - Wikipedia

    en.wikipedia.org/wiki/DHgate.com

    DHgate.com (Chinese: 敦煌网; pinyin: Dūnhuángwǎng) is a Chinese business-to-business (B2B) and Business-to-consumer cross-border e-commerce marketplace that facilitates the sale of manufactured products from suppliers to small and medium retailers. It is one of the largest B2B-cross-border e-commerce trade platforms in China.

  6. Wholesaling - Wikipedia

    en.wikipedia.org/wiki/Wholesaling

    In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacturer or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit.

  7. Wholly Foreign-Owned Enterprise - Wikipedia

    en.wikipedia.org/wiki/Wholly_Foreign-Owned...

    wàizī qǐyè. A wholly foreign-owned enterprise ( WFOE, sometimes incorrectly WOFE) is a common investment vehicle for mainland China -based business wherein foreign parties (individuals or corporate entities) can incorporate a foreign-owned limited liability company. [ 1] The unique feature of a WFOE is that involvement of a mainland Chinese ...

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