LINE

    Text:AAAPrint
    Economy

    'Taobao' villages spur growth

    1
    2016-09-04 12:23China Daily Editor: Huang Mingrui ECNS App Download

    With the rapid adoption of the internet and the rising income of rural residents, e-commerce is no longer something exclusive to city dwellers. Villages in Zhejiang province, the hometown of e-commerce giant Alibaba Group Holding Ltd, are riding the e-tide to achieve stellar growth.

    Currently, the southeastern province has more than 280 "Taobao" villages, the largest number in China, each of which handles at least 10 million yuan ($1.5 million) worth of e-commerce transactions every year, according to Aliresearch, Alibaba's research institute.

    "What's special about the trend is that it is a natural development, rather than something organized by the government," said Sheng Zhenzhong, an analyst at Aliresearch. "When villagers realize the convenience of e-commerce, they spontaneously form into village-based online business clusters."

    By leveraging the internet, rural residents efficiently expand the reach of local specialties to nationwide consumers. Each of these Taobao villages runs at least 100 active online stores, or at least 10 percent of local households engaged in online business.

    According to Sheng, Zhejiang's thriving culture of doing business and its good industrial basis have contributed to the explosive growth of e-commerce villages, which are near to either production bases or big trade markets.

    For instance, Qingyanliu, a village in central Zhejiang, takes full advantage of its geographical proximity to Yiwu, the city which is home to the world's largest wholesale market for small consumer goods such as toys and headwear.

    In 2014, the village's online sales volume exceeded 3.5 billion yuan.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 清新县| 株洲市| 喀喇| 于都县| 应用必备| 德惠市| 金堂县| 景泰县| 绵阳市| 满城县| 铜山县| 吉安市| 项城市| 泸州市| 玉溪市| 荔波县| 克拉玛依市| 黄石市| 汕头市| 东阳市| 大厂| 泗水县| 铁岭市| 子长县| 太谷县| 怀集县| 桦甸市| 冕宁县| 定远县| 乌鲁木齐市| 邹平县| 遵义市| 博野县| 新昌县| 莱阳市| 五指山市| 芒康县| 靖远县| 志丹县| 双柏县| 桑日县|