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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. [ 5]
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.
The textile industry in China is the largest in the world in both overall production and exports. [ 1] China exported $274 billion in textiles in 2013, a volume that was nearly seven times that of Bangladesh, the second largest exporter with $40 billion in exports. [ 2] This accounted for 43.1% of global clothing exports. [ 3]
At a factory in Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colors, pile up on a workroom floor.
Shenzhou International Group Holdings Limited is a Chinese clothing manufacturer. [1] [2] With over 97,000 employees, it produces more than 250,000 metric tons of fabric and 550 million garments annually. [1] The company works closely with NIKE, UNIQLO, adidas, PUMA, lululemon, and many others.
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 ...
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