Yosen Group, Inc. announced that it has signed an agreement with Yiwu China Commodity City Information Technology Ltd. (CCCIT), a subsidiary of China Commodity City Group Ltd. (CCC Group). Yosen Group and CCCIT will cooperate exclusively in cross border trade, e-commerce, warehousing, and logistics in four major states (New York, New Jersey, Connecticut, and Pennsylvania). Yosen will be CCCIT's exclusive partner in the NY-NJ-CT-PA area for the next five (5) years.

Both parties will jointly develop an independent website to supplement China Commodity City's official e-commerce platform yiwugou.com. Yosen will be fully responsible for the U.S. online platform operation and order processing, while CCCIT will provide technical assistance, data support, online and offline marketing, website traffic referral, and free transit warehousing. The domain name yiwuny.com will become an intellectual property owned by Yosen.

All profits from cross border trade and the U.S. e-commerce platform will belong to Yosen only. In addition, CCC Group plans to establish a central warehouse and products exhibition center in the Greater New York area to service its 70,000 merchants and 210,000 suppliers. Yosen will be involved for this plan's implementation in New York as well as the logistics and distribution management.