Alibaba ratchets up cross-border e-commerce initiatives in Yiwu, home to the world’s largest wholesale market

Alibaba Group Holding is ramping up efforts to make cross-border e-commerce more accessible to small and medium-sized enterprises (SMEs), with a series of initiatives in the eastern city of Yiwu – home to the world’s largest wholesale market for daily commodities.The e-commerce giant on Monday announced plans to develop a digitised comprehensive bonded zone in Yiwu, located in Zhejiang province, that is expected to launch an offline exhibition area this September, according to the company’s…

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