Yiwu: Post-Epidemic Cloud Exchanges with South Korea

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14 November 2021 | YIWU launched “Friendship with Yiwu, Purchase Global Goods@South Korea” event to honor the precious friendship with South Korean cities and to celebrate the upcoming 30th anniversary of South Korea-China diplomatic relation. Held in hybrid mode, this event provided an interactive platform for Yiwu and eight local governments from South Korea to discuss topics such as city and cultural exchanges as well as economic and trade promotion, embracing the opportunities from RCEP trade deal.

 

Cloud Dialogue

This event brought together officials from both Yiwu Municipal People’s Government and South Korean’s local governments to discuss post-pandemic economic recovery and share emerging opportunities embedded in new business forms. The hybrid mode enabled representatives from South Korea to present Yiwu people with beautiful scenes and charming culture via video link and invite attendees to try South Korean specialty food, cosmetic products, and clothes in Yiwu. Make-up show and fashion show are provided to introduce the audience immersive experience.

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Cloud Live-Streaming E-Commerce

Yiwu is a commercial city brimming with business opportunities. Live-streaming, e-commerce, a new type of business mode reaping great success in China, has taken root in this city. Live streaming e-commerce is a way to digitally replicate the shopping experience at a physical store, just as the population has had to get used to social contact via Zoom. This event integrated live streaming e-commerce with zoom meeting, setting up six live-streaming studios to introduce premium South Korean products to more than 100,000 consumers on the China goods platform while deputy mayor walking around to show how the business mode of import trade and live-streaming e-commerce works in Yiwu via video link.

With the integrated advantages of booming cross-border e-commerce, bonded zone, live-streaming e-commerce, and efficient logistics, Yiwu will be the bridgehead city for promoting South Korean products into Chinese market.

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