Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau
Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau

Coronavirus: China’s traders at famed Yiwu market turn to e-commerce, WeChat, TikTok in bid to survive

  • Long-time customers are negotiating deals with traders at Yiwu International Trade Market via WeChat, but new customers are hard to find online
  • Traders have turned to live streaming via TikTok with the help of social media influencers as foreign buyers are absent from the world’s largest small commodities market

Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau
Last year, Yiwu’s total trade value of 296.7 billion yuan (US$42 billion) was around double its gross domestic product, implying a high dependence on trade to drive growth. Photo: Thomas Yau
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