Jumore to boost bulk trading

If Jumore, a new e-commerce service, has its way, China's manufacturers will soon find buying commodities in bulk from across the world a breeze and empowering too as it will likely cut costs and secure long-term supplies.

This has significance because China is now the world's largest consumer of bulk commodities, according to Liu Yufeng, secretary-general of the China Electronics Chamber of Commerce.

According to statistics from the General Administration of Customs, China bought 930 million metric tons of iron ore in 2014, up 13.8 percent year-on-year, and 310 million tons of crude oil, up 9.5 percent.