Monday, March 17, 2014

What is Yiwu

It is a very interesting question that some one asked on alibaba.com: yiwu? Name of a location, trade or district? Please tell me!! I heard of this Yi Wu many times. Although didn’t get a clear picture of it. It sounds to me like a Shopping Heaven selling low volume products to international buyers. Can anyone tell me more about YI WU. Where is the location and how the things is trade there. What is the advantage or maybe disavantages in Yi WU. Let us see the answers of “what is Yiwu” together. 1. What is Yiwu? Answered from rqt1984, yiwu china . Yiwu is China’s largest international commodity markets. A lot of friends in the procurement of goods there. I went to Yiwu. It is a good place. 2. What is Yiwu? Answered from Lawyersun, Yiwu China. Yiwu is a county level small city located in middle of Zhejiang Province in China, which is about 2 hours drive from Ningbo or Hangzhou, and 2-4 hours from Shanghai. Here has a group of biggest wholesale markets in mainland China, for all sorts of small items. You can find nearly everything that exported from China in this city’s wholesale market. So if you want cheap small items with ordinary quality, here will be a heaven for you. 3. What is Yiwu? Answered from Rob Bailey, Hongkong China. Yiwu is a special economic trade zone about 2-4 hours outside of Shanghai. Here’s the wikipedia link: http://en.wikipedia.org/wiki/Yiwu. I have found some suppliers who can do small quantities at good pricing BUT they need babysitting. You can usually find 4-5 locals willing to be your rep who have descent experience BUT they usually are taking in profit from the manufacturer as well. The good is that there’re tons of suppliers there to compare, and lots of opportunities to actually meet your suppliers. The bad is that there are trading companies posing as factories, and you better beware if a deal seems too good to be true. A good agent in Yiwu is worth her/his weight in gold. A bad agent will make you wish you had stuck with online sourcing. If you go, be sure you know what you want, otherwise you’ll be overwhelmed with the selection. The fair is so large it would take at least 1 week of 8 hour days to walk the whole thing. 4. What is Yiwu? Answered from Egernia, Australia. Personally I do not like Yiwu. It is nothing more than a Chinese flea market selling cheap, low quality goods. It would be the perfect place to go shopping for stock for a one dollar discount store but not much else. Most of the traders there are not manufacturers although they will all pretend that they are. Honestly you are better off sticking with online sourcing, accepting higher MOQ, and actually dealing with semi-professional companies, than scrounging around in Yiwu.

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