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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.
[1]: 75 In turn, this pivot by Chinese manufacturers increased the quantity and diversity of products available online, leading to a major increase in e-commerce in China. [1]: 75 In 2008 alone, online retail sales in China increased by a factor of 26. [1]: 75 Since 2013, China is the world's largest e-commerce market.
AliExpress (Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [2] [3] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.
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]
Seattle-based Amazon is trying to compete with them through an online storefront that mimics their business model by offering cheap products shipped directly from China. Chinese exports of low-value packages soared to $66 billion in 2023, up from $5.3 billion in 2018, according to report released last week by the Congressional Research Service.
Before its launch of Taobao, Alibaba had focused on online business-to-business wholesale sales. [7]: 51 In 2003, eBay acquired Eachnet, China's online auction leader at the time, [7]: 51 for US$180 million. It became a major contender in the Chinese consumer e-commerce market. [8]
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