Products and services from more than 300 companies were directly exchanged at the first barter festival in Jinan, Shandong.

The value of the goods available for exchange was larger than 3 billion yuan and the products covered a wide range.

According to the organizer, many small and medium-sized enterprises are facing product overstocking and cash flow shortage problems. Barter e-commerce platforms could help these companies de-stocking, purchasing products, marketing and investing.

The First Barter Purchasing Exhibition will be held in Jinan in October. The organizers hope that more companies can clear their storehouses, and barter their products and services without spending a penny.