Chinese wallet makers are too difficult.
Editor’s note: This article comes from Suning Fortune Information , Author Huang Dazhi.
Chinese wallet makers, it’s too difficult.
Taizhou, Zhejiang, known as the “Capital of China’s Sewing Equipment Manufacturing”, can no longer find a company specializing in wallets.
You know, there were more than 300 luggage manufacturers in Lujiang District Fengjiang Street before 2017, and more than half of them produced wallets.
Now, either cut off the production line or transform.
The manufacturing profit of the wallet industry has dropped to freezing point.
Even in Yiwu, China ’s largest small commodity production base, only a few people produce wallets, and most of them are foreign trade orders for export. Production requirements are extremely high, but sales are also declining.
Era did not even say hello when it abandoned the wallet manufacturing company. No one could have expected that the one who beat the wallet maker turned out to be a mobile phone manufacturer.
This is just an unexpected impact in the torrent of mobile payment development.
After the high mountains, there must be canyons, and mobile payment to defeat the wallet industry also has its ups and downs. In 2017, the development of mobile payments began to “fall”.
Standing back at the end of 2019, 2017 is a strong regulatory year for third-party payments. The past three years can be described as the cold winter paid by a third party, but now, it is still cold.