Today, furniture production fattens wallets in Shaji, one of more than 1,300 communities across China dubbed “Taobao Villages”, areas that re-invented themselves as manufacturing bases to supply e-commerce giant Alibaba’s Taobao platform. Furniture production fattens wallets in Shaji, one of more than 1,300 communities across China dubbed “Taobao Villages”, areas that re-invented themselves as manufacturing bases to supply e-commerce giant Alibaba’s Taobao platform. Ma said recently the number of packages processed by China’s logistics industry – fuelled by e-commerce – will soon reach 100 million per day. But some Taobao villages are not doing as well as before due to competition.”Alibaba estimates “Taobao Villages” nearly doubled in 2016 from the previous year to 1,311, home to more than 300,000 online shops. Cheng admits his margins are shrinking, and that Double 11 does not even actually make him much money due to the cut-throat pricing and growing competition, but he remains upbeat.

Source: The Star November 10, 2017 01:30 UTC