Yiwu Is Finished! Factories Close, Mass Unemployment, Low-Cost E-commerce Drains Economy
Yiwu Is Finished! Factories Close, Mass Unemployment, Low-Cost E-commerce Drains Economy
.
Recently, this heart-wrenching video has been circulating online. The man in the video is an e-commerce owner from Yiwu. After years in the business, he lost everything, and his company eventually went bankrupt. He angrily smashed a box filled with goods. This wasn’t just a personal outburst but a reflection of the current state of Yiwu’s e-commerce industry.
.