In the early summer, everything is full of vitality. On May 7, over 190 Yiwu merchants visited MU Buliding to attend the first phase of the “Together Through Storms,Grateful to Yiwu” Dual Strategic Suppliers event. The group’s president Tom Tang, group leaders Henry Xu, William Wang, Ken Huang, along with heads of business divisions and companies based in Yiwu, as well as colleagues from operations, participated in the event.
Upon entering MU Group, the merchants toured the showrooms, watched video introductions, and listened to dedicated explanations, gaining first-hand insight into the company’s history, culture, and current operations. Upholding the principle of “not taking a single needle or thread from suppliers,” the event also annonuced the reporting channel and promoted integrity-building efforts.
Supplier representative Fu Miaoling, General Manager of Yiwu Jiehao Bamboo & Wood Products Co., Ltd., recalled her arduous journey from a small counter to owning a storefront, showroom, and factory – all built on quality and integrity. She noted that this growth would not have been possible without the support from MU Group over the past decade. Ten years ago, attending the company’s supplier dinner sparked her ambition to delve deeper into foreign trade. Later, after a rework incident over packaging details, she registered a trademark, tightened quality control with the help of MU Group’s business team, and even participated in setting industry product standards. Supplier and customer are interdependent and mutually reinforcing. Jiehao will continue to leverage its bamboo & wood environmental advantages to develop new products, increase production capacity, create differentiated exclusive production lines, and deepen its long-term strategic cooperation.
thought-provoking.”How do you view the relationship between trading companies and market merchants – competition and cooperation?””Can payment terms, price inquiries without purchase orders, or even customer cargo abandonment be improved?”…
Small commodities, big market! Yiwu Market has 80,000 storefronts, over 1.26 million market entities, and more than 2.1 million types of goods. Trading companies and merchants are both participants in the “prosperous commerce builds Yiwu” initiative and beneficiaries of the “Yiwu development experience.” Our mission is to sell Chinese small commodities to every corner of the world!
The “Dual Strategic Suppliers” Awarding Ceremony and “Suppliers Open Day” has been held continuously since 2019, with this being the 86th session. Today also marked the 87th event. Representatives from 15 suppliers came on stage in turn, and President Tom Tang presented them with Strategic Cooperation Gold Medals and Strategic Development Silver Medals, respectively. The group adopts a “dual-strategy” cooperation model with its suppliers, fully sharing supplier resources.
Suppliers are our lifeblood. Serving suppliers will become a long-standing culture of MU Group, continuously generating new content and growth. On stage, the heads of business divisions and companies bowed 90 degrees to the suppliers! Grateful to all our suppliers for all your support. Words cannot express enough.
President Tom Tang gave a talk titled “The Road to 10 Billion USD.” He pointed out that, looking at the historical rise and fall of the Guangzhou market, payment terms, pricing, and competition rules are the result of long-term evolution – we cannot have it both ways. MU Group must pursue goals beyond profit, forgo short-term gains, and become a better MU Group. Do the right things, do things right, and persist in long-term struggle.
Customer first – creating value for customers. We attach great importance to what our customers think of us. Only then come suppliers’ evaluations and colleagues’ evaluations. With over 4,000 colleagues and high turnover, one should not judge the whole based on individual service differences. Customer acquisition requires extremely high time and capital costs. Trading companies have overcome wars, pandemics, and tariff increases – working across time zones year-round to connect with customers, traveling overseas to expand markets, and bearing huge collection risks. We operate under high cost pressure.
The consumer goods industry is a huge market with even greater growth potential. MU Group is still in its early growth stage and has tremendous room ahead. Scale will become a moat – there are no shortcuts. Become the largest supplier to your customers and the largest customer to your suppliers. One family, one heart, striving together – we will surely win!
The business matching session was packed, with on-site orders exceeding RMB 100 million. This year, we plan to organize 10 such events, inviting 2,000 merchants to visit MU Group, thereby passing confidence to the entire Yiwu market. This confidence comes in the form of actual orders – not empty promises!