A China-based wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics, Yosen Group, Inc. plans to launch a business unit in New York City.
The company said “by leveraging the rich resources of the China Commodity City in Yiwu, Zhejiang Province, which is China's renowned commodity wholesale market, Yosen's New Business Unit will commence its international trade and wholesale business in the overseas market.”
Yosen's CEO Zhenggang Wang said, "In the coming year, Yosen will continue strengthening its cooperation with the world's first class players. Yosen is committed to bringing the world's best products into China, and in the meantime will be bringing China's competitive products overseas by expanding its international wholesale business.”
“After our long preparation, we have finally identified an experienced management team in New York and secured the best market entry point,” he added. “The time is ready now for Yosen to commence our international trade and wholesale business starting with New York. We anticipate our business in New York to be a significant growth area for the Company over the next few years and will be ready to provide more updates for our shareholders in the beginning of January 2014."
Founded almost twenty years ago in Yiwu City, Yosen Group said it has “been trying to grasp the best collaboration angle so as to optimize these resources and maximize shareholders' value. Today's establishment of the New Business Unit in New York is anticipated to be the very first step of Yosen's international expansion strategy which is based on leveraging the resources in Yiwu China Commodity City."