Digital products from Yiwu, a county-level city in Jinhua, draw many visitors at the 3rd Global Digital Trade Expo. [Photo/Tide News]

Enterprises from Yiwu, a county-level city in Jinhua, Zhejiang province, showcased their latest digital offerings at the 3rd Global Digital Trade Expo, which kicked off in Hangzhou on Sept 25.

Zhejiang China Commodity City Group presented a range of digital services tailored to address the challenges faced by small and medium-sized enterprises in marketing, services, and funding.

Leveraging platforms such as Chinagoods and Yiwu Pay, the company has crafted comprehensive digital solutions encompassing design, production, transaction matching, logistics, and fulfillment services, catering to the needs of both businesses and buyers.

AI-powered products of the Chinagoods platform now serve 18,000 businesses, with 7,000 market operators benefiting from dedicated independent AI stations, resulting in a significant influx of 640,000 new customers and a customer growth rate exceeding 60 percent.

Yiwu Pay took the spotlight at the expo, showcasing a year's innovative achievements in the payment sector through a data screen. The local digital payment enterprise now supports transactions in 25 major currencies, facilitating efficient cross-border fund flows for businesses.

Additionally, Yiwu Pay demonstrated its cutting-edge technologies and services in transaction security and financial risk prevention to expo visitors.

International guests praised Yiwu's reputation and outstanding achievements in cross-border payments, AI innovation, and trade fulfillment. Many expressed a keen interest in visiting Yiwu to experience its unique charm firsthand.

Editor: Xu Zhitian