Alibaba, Yiwu city team up for online smallQQcommodities trade show


Located in the eastern Chinese province of Zhejiang, Yiwu is home to over 2 million micro, small and medium-sized firms, and sells commodities to about 200 countries and regions every year.

Photo/Liu Ling (NBD)

The bureau will invest 5 million yuan (704,800 U.S. dollars) in the first phase, subsidizing participants for their costs, according to the agreement.

According to the agreement, the two sides will work together to push for development in the digitalization industry and in logistics.