FAQ: Yiwu Global Digital Trade Center Opening and Digital Commerce Transformation

What is the Yiwu Global Digital Trade Center and when did it open?

The Yiwu Global Digital Trade Center is the flagship project of Yiwu’s sixth-generation market that officially opened on October 14, 2025, representing the city’s shift from traditional trade to a full-scale digital-commerce ecosystem.

Where is the Yiwu Global Digital Trade Center located?

The center is located in Yiwu, Zhejiang Province, China, which is approximately 300 km from Shanghai and known as a commercial and trade city with vibrant markets.

Why is the opening of this digital trade center significant?

It positions Yiwu as a global hub for digital commerce that is fashionable, international, modern, digital, and low-carbon, completing the market’s latest upgrade and signaling the city’s transformation from traditional trade.

How large is the Yiwu Global Digital Trade Center and what does it include?

The center covers 1.25 million m² and integrates five zones: market, office buildings, commercial district, apartments, and the Digital Trade Hub.

What types of vendors are currently operating in the center?

The market hosts vendors in fashion jewelry, creative & trendy toys, and smart equipment, with more than half being second-generation merchants, next-generation start-ups, or brand/IP owners.

How is artificial intelligence being used in the digital trade center?

Over 3,700 new stall-holders use and sell AI tools, and buyers can navigate the center via AI to locate products, shops, and contacts faster. The in-house ‘Xiaoshang AI Video Creator’ helps tenants create promotional videos quickly and cost-effectively.

What are the core digital platforms supporting the trade center?

The center builds one Digital Trade Hub and three core platforms: Chinagoods for digital trading services, a digital supply-chain platform for efficient logistics, and Yiwu Pay for settlement, supporting end-to-end digital commerce.

What are the practical benefits of the AI tools mentioned in the center?

The Xiaoshang AI Video Creator reduces video production time from one week to minutes and cuts costs from over RMB 1,000 to minimal expense, while also enabling instant jewelry design creation that has increased monthly output to over 200 new SKUs for some vendors.

How does this development position Yiwu in the global market?

Yiwu has been reputed as the world’s largest small-commodity wholesale market, and this digital transformation positions the city as a global hub that sets worldwide benchmarks for digital commerce.

What broader trends does this center represent for digital trade?

The center represents the rapid expansion of AI large models, digital trade, and cross-border e-commerce, while rolling out multiple digital-empowerment scenarios that support the evolution of global commerce.