Do big "Yiwu buy" platform small commodity city 56 million yuan set up electric business Company

Commodity City (market, inquiry) September 29 night Notice that the company's wholly-owned subsidiary Yiwu China Commodity City Information Technology Co., Ltd. and Jianjun, Isha Chengdu International Trade Mart Co., Ltd. jointly initiated the establishment of Zhejiang Yiwu buy E-commerce Co., Ltd., YIWU purchase company registered capital of 100 million yuan, Information companies in cash and in-kind contributions of 56 million yuan, accounting for Yiwu 51% of the company's shares. The company said that in order to do a strong "Yiwu purchase" platform, to increase the "Yiwu purchase" team incentives, accelerate the promotion of Yiwu market transformation and upgrading, to maintain the YIWU market continued prosperity, the company decided to invest in Zhejiang Yiwu buy E-commerce Co., Ltd. This investment will promote the development of e-commerce, and further promote the development of Yiwu entity market, conducive to Yiwu market transformation and upgrading, to create greater value for the company and shareholders.