Group Introduction
Ruinofi Trade International Co., Ltd. (established in December 1993) is a state-controlled, publicly listed company.
The company is one of the leading enterprises in Chinas commerce sector, exclusively operating the worlds largest small commodities wholesale marketthe Yiwu China Commodity City. The market covers over 6.4 million square meters, hosts approximately 75,000 business entities and employs more than 200,000 people, offering 2.1 million types of products across 26 major categories. It drives over 20 industrial clusters nationwide and supports about 2.1 million SMEs, and is known as the worlds supermarket frequented by global buyers.
Focusing on innovation around its core market, the company coordinates development across information and data, financial services, import/export trade, international expansion, logistics and warehousing, together with supporting businesses such as property, real estate development, hotels, conventions and asset operations. This fosters an integrated trade pattern in Yiwu that blends online and offline, links imports and exports, connects domestic and international markets, and advances both domestic and foreign trade.
04
MONTH
The Mall Group was awarded the National May 1st Labor Medal.
02
MONTH
Yiwu Pay brand officially launched, becoming the new digital-finance infrastructure for international trade in the Yiwu market.
09
MONTH
The "Yiwu China Commodity City" brand was launched globally, accelerating the competitiveness of Yiwu market in the global trade landscape.
11
MONTH
Approved for cross-border foreign exchange qualifications.
12
MONTH
The 30th anniversary of the founding of the Mall Group.
03
MONTH
The "TradeChain" integrated supply-chain service platform and the "Aiximao" imported-goods distribution system were included in the "2022 Zhejiang Province High-Quality Import Project Plan".
06
MONTH
Obtained the "Payment Business License of the People's Republic of China".
08
MONTH
The Mall Group, together with COSCO Shipping and GLP, established Zhejiang Zhijie Yuangang International Supply-Chain Technology Co., Ltd.
09
MONTH
Kuaijietong officially received approval from the People's Bank of China Hangzhou Central Sub-branch and completed the filing for cross-border RMB business qualifications.
10
MONTH
The small-commodity digital free-trade application was awarded the "Best Application" of Zhejiang Province's digital reform.
12
MONTH
The National Standardization Administration officially listed the "Standards into the Market" service standardization pilot project of Zhejiang China Commodity City as a national-level service industry standardization pilot project.
04
MONTH
The person in charge of the Mall Group attended the economic situation expert and entrepreneur symposium chaired by then Premier Li Keqiang and delivered a special speech.
07
MONTH
The person in charge of the Mall Group was invited to attend the celebration of the 100th anniversary of the founding of the Communist Party of China and was awarded the honorary title of "National Advanced Grass-roots Party Organization".
09
MONTH
The Ruinuofei Supply Chain shared cloud warehouse was completed and put into operation, becoming the first large-scale digital self-built public warehouse of the Mall Group.
12
MONTH
Zhejiang China Commodity City Group Commercial Factoring Co., Ltd. was approved to be established.
03
MONTH
The Yiwu Comprehensive Bonded Zone was approved by the State Council to be established, creating an inland demonstration-type special customs supervision area, which is responsible for construction and operation by the Mall Group and officially closed and operated on October 22, 2021.
06
MONTH
China Commodity City was awarded the AAA credit rating, marking its entry into the first tier of listed companies in Zhejiang Province in the credit field.
07
MONTH
The person in charge of the Mall Group attended the entrepreneur symposium chaired by General Secretary Xi Jinping.
10
MONTH
The Ruinuofei Supply Chain international trade comprehensive service platform was officially launched, fully opening a new journey of digital transformation and development of the Yiwu market.
10
MONTH
The first restricted stock incentive plan was launched, effectively combining the interests of shareholders, the company, and individual operators.
12
MONTH
The Market Operation Branch of Ruinuofei Trade International Co., Ltd. was officially established, promoting the transformation of the market segment to intensive and professional management.
06
MONTH
The "Yiwu Good Goods" strategic conference was successfully held, exploring the construction of the Yiwu market supply chain system.
09
MONTH
Zhejiang Yindu Hotel Management Co., Ltd. was established, promoting the transformation of the hotel segment to intensive and professional management.
12
MONTH
The Mall Group established the strategic transformation goal of becoming a "world-renowned international trade comprehensive service provider", promoting the company's transformation from a market property management platform to a trade service platform, and from a market manager to a market operator.
09
MONTH
The Czech Logistics Park of the Mall Group was put into operation.
12
MONTH
Obtained the "Enterprise Credit Reporting Business Filing Certificate of the People's Republic of China".
10
MONTH
The "Yiwu Go" platform was officially launched, opening the road to the integrated development of online and offline in the Yiwu market.
09
MONTH
Yiwu Huishang Small Loan Co., Ltd. was established.
03
MONTH
China Commodity City Business School was established, dedicated to improving the trade capabilities of market operators.
05
MONTH
The Mall Group was listed on the Shanghai Stock Exchange (stock code 600415), becoming the first listed company in Yiwu City.
06
MONTH
Yiwu China Commodity City Logistics Co., Ltd. was established and renamed as Yiwu China Commodity City Logistics and Warehousing Co., Ltd. in September 2019.
12
MONTH
Yiwu China Commodity City Property Management Co., Ltd. was established, renamed as Yiwu China Commodity City Property Services Co., Ltd. in November 2007, and launched the "Big Property" reform in 2021.
09
MONTH
Yindu Hotel officially opened and became the first four-star hotel in central Zhejiang on May 8, 2000.
09
MONTH
The company was renamed "Ruinuofei Trade International Co., Ltd."
03
MONTH
China Commodity City Real Estate Corporation was established to participate in the urban construction of Yiwu.
12
MONTH
Ruinuofei Trade International Co., Ltd. was officially established, opening the road to corporate operation of the Yiwu market.
12
MONTH
The three-star Shangcheng Hotel became the first hotel of the company.
05
MONTH
The Youth Branch of the Yiwu China Commodity City Chamber of Commerce was officially established.
03
MONTH
The East Extension New Energy Products Market of District 2 of Yiwu International Trade City opened.
06
MONTH
Dubai Yiwu China Commodity City opened.
11
MONTH
The Global Digital Trade Center officially started construction.
02
MONTH
Against the backdrop of the COVID-19 pandemic, the Yiwu market was the first in the country to reopen.
10
MONTH
The "China Yiwu International Small Commodities Fair" was renamed the "China Yiwu International Small Commodities (Standards) Fair".
03
MONTH
The East Extension Market of District 1 of Yiwu International Trade City officially opened.
09
MONTH
Haicheng Yiwu China Commodity City opened.
07
MONTH
China Commodity City·E-commerce Service Area was approved as a "National E-commerce Demonstration Base".
11
MONTH
The trademark of "Yiwu China Commodity City and Logo" was officially recognized as a well-known trademark by the State Administration for Industry and Commerce.
11
MONTH
The International Means of Production Market opened.
05
MONTH
District 5 of Yiwu International Trade City opened.
05
MONTH
The Yiwu Imported Goods Pavilion opened and was renamed "Yiwu China Imported Goods City" on August 30, 2017.
05
MONTH
Huangyuan Clothing Market opened.
02
MONTH
Yiwu China Commodity City was awarded the honorary title of "National Market Credit Classification Supervision Demonstration Market" by the State Administration for Industry and Commerce.
10
MONTH
District 4 of Yiwu International Trade City opened.
11
MONTH
The Ministry of Commerce promulgated and implemented the industry standard "Classification and Code of Small Commodities".
05
MONTH
The Yiwu Procurement Information Center of the Supply Department of Foreign Institutions of the Ministry of Foreign Affairs was unveiled.
09
MONTH
Yiwu China Commodity City was awarded the honorary title of the first "Contract-abiding and Credit-worthy Unit" market in the country by the State Administration for Industry and Commerce.
10
MONTH
The "Yiwu·China Commodity Index" was officially released.
The Yiwu market was rated as "the world's largest small commodity wholesale market" by authoritative institutions such as the United Nations, the World Bank, and Morgan Stanley.
08
MONTH
The UNHCR Yiwu Procurement Information Center settled in Yiwu International Trade City.
10
MONTH
District 3 of Yiwu International Trade City opened.
12
MONTH
Yiwu International Trade City was awarded the first "National AAAA-level Shopping Tourism Area" in China by the National Tourism Administration.
10
MONTH
District 2 of Yiwu International Trade City opened.
10
MONTH
The "China Yiwu Small Commodities Fair" was upgraded to an international exhibition and officially renamed the "China Yiwu International Small Commodities Fair".
10
MONTH
District 1 of Yiwu International Trade City opened.
10
MONTH
Yiwu China Commodity City was awarded the title of "Quality-focused and Credit-worthy Market" by the General Administration of Quality Supervision, Inspection and Quarantine.
10
MONTH
Yiwu "China Commodity City" obtained the right to import and export independently, making it one of the first professional markets in Zhejiang Province to obtain this right.
The "China Commodity City Famous, Excellent and New Small Commodities Fair" was officially renamed the "China Yiwu Small Commodities Fair".
The train service named after "China Commodity City" was launched.
05
MONTH
The first China Commodity City Famous, Excellent and New Small Commodities Fair opened.
08
MONTH
The Yiwu China Commodity City Chamber of Commerce was established.
11
MONTH
The Binwang Market opened.
10
MONTH
Phase 2 of Huangyuan Market opened.
02
MONTH
Phase 1 of Huangyuan Market opened.
08
MONTH
With the approval of the State Administration for Industry and Commerce, the Yiwu Small Commodity Market was officially renamed "China Commodity City" in Yiwu City, Zhejiang Province.
09
MONTH
The Yiwu Small Commodity Market on Chengzhong Road opened.
12
MONTH
The Yiwu Small Commodity Market on Xinma Road opened.
09
MONTH
The Yiwu Huqingmen Small Department Store Market opened.
Ruinuofei Trade International Co., Ltd.
