Alibaba’s data showed that in the first half of 2013, Yiwu B2B online transaction reached 2.51 billion yuan (USD 410 million). It is expected to hit 5 billion yuan (USD 816 million) by the end of 2013.
Yiwu, a city in the central area of Zhejiang province in China, is one of the most active free trade markets and famous for its small commodity trade.
Yiwu B2B online transaction in 2012 was 2.24 billion yuan (USD 366 million). The exports of suppliers in Yiwu reached 48.75 billion yuan (USD 7.96 billion) in 2012.
Besides, Alibaba also announced that the number of domestic B2B members in Yiwu was 22,512, and foreign trade B2B members in Yiwu was around 3,000 which occupied 3.75% of total B2B members in China by June 30, 2013.