Premium Essay

Ecommerce in China

In:

Submitted By misikea
Words 914
Pages 4
E-commerce in China
E-commerce has been greatly developed in both United States and European countries when we look at the success of eBay and Amazon. However, according to researchers at IDC (International Data Corporation), it is forecast the annual Asian sales outside Japan, including Taiwan, Hong Kong, South Korean and India, charged ahead at 38% a year through 2007 eBay sales (Miller, 2004). E-commerce not only creates business opportunities, but also helps enterprises save money and operate more efficiently. Therefore, the potential of the market among Asian regions in recent years has been extremely large, especially in Taiwan and Hong Kong. However, many people notice that China seems to be lagging behind this trend and e-commerce is not very suitable for the culture in China as people may prefer face-to-face business. This essay argues that China has the need and potential in developing e-commerce.
E-commerce is becoming more compatible with the Chinese culture of business. Although it may be argued that E-commerce is too technological that violates the traditional Chinese business culture as in the past of Chinese society, social relationship plays an important role in Chinese business and shows appropriate respect to the customers or partners. However, all the things in e-commerce are done by the systems only. Nowadays, more and more people in China have an opportunity to receive education so that they can more easily access to internet world and also different cultures all over the world. Netizens then are more likely to accept western culture. In fact, when E-commerce is implemented in China, it can be reformed to be different from those in western countries according to the relationship oriented business culture. For example more after-purchase service and customer care can be provided. These can make Chinese e-commerce filled with human touch in

Similar Documents

Free Essay

Organizational Power

...iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright © iResearch Inc. 2006 iResearch China C2C Ecommerce Research Report 2005 Copyright...

Words: 356 - Pages: 2

Premium Essay

China Post

...tremendously from their combined input.   ABSTRACT In an ecommerce industry third party logistics have taken control and charge of the industry. Third party logistics have taken complete control of the logistic design; logistic deliver, transportation and storage in a supply chain with the professional and complete value added services and delivery of goods and services. According to a study third party logistic is a set of basically a relationship between buyers, sellers and logistic service providers in the supply chain. They provide a clear between third party logistics providers and the service providers. As per the research the term logistic service provider has been used as the interchangeable denote for the external suppliers that have been performing a part of logistic function within a company. The relationship between third party logistic companies and ecommerce has been a force which has driven the company towards constant growth and success of the various companies in the electronic commerce industry. The research study indicates that the impact or the importance of third party logistic companies has been of great support to the ecommerce industry. Along with this, many research studies have indicated that with the outsourcing of third party logistics companies as the supply chain management of the ecommerce companies have been a strong element of this industry. With a quiet and simple way, ecommerce from a communication point of view is understood as the...

Words: 15353 - Pages: 62

Premium Essay

7 Things to Consider Before Marketing Your Business to China - Part 1

...before marketing your business to China - part 1 | China Online Marketing China Online Marketing HOME ADVERTISING Search: MARKET REPORT E-COMMERCE MARKETING ONLINE GAME BLOG SEARCH ENGINE SERVICE ABOUT CONTACT REGULATION SOCIAL MEDIA GO! Topics: Select category Select category Subscribe to Posts Subscribe to Comments YOU ARE HERE: HOME / BLOG / BUSINESS CULTURE / 7 THINGS TO CONSIDER BEFORE MARKETING YOUR BUSINESS TO CHINA – PART 1 eNews & Updates Sign up to receive weekly news, blog & other Site updates about China Online Marketing! 7 things to consider before marketing your business to China – part 1 Posted by Steven Chow on April 26, 2010 · 2 Comments China’s economy is booming, we are now third largest economy in the world, and there is no argument that we will become the world’s largest economy in 10 to 20 years’ time. The 1.3 billion population, double-digit growth rate, 4 trillion economy stimulus plan…… We could feel the trend, as more and more overseas companies approach us to assist them enter the huge Chinese market. They are determined, well-equipped with excellent product or service, they are confident with their business goal in China. However, the lack in understanding of Chinese business culture and business practice could dramatically affect the ROI, the return of their investment. To put it simple, it is extremely important to figure out how the business operate in China before you start to sell in China, isn’t? No. 1 The payment issue...

Words: 1105 - Pages: 5

Premium Essay

Newegg

........................................................................... 19 References……………………………………………………………………….. 20 Abstract Online shopping is a tendency in 2010 and combines with other new technology such as smart phone. Internet provides more convenient environment that customers can purchase staff quickly and safely. Moreover, with new technology changing, online website should revise their strategy that can be adjusted in tendency. Within few years, online store will be tend to mature and diversity. In future, customers just open their computer and search that what they want. This development will change website, and online store need to follow this tendency. Introduction With the dramatic growing of using internet, Ecommerce becomes a powerful business weapon to a company since it provides not only convenient for customers but also reduces the cost for seller. Moreover, customer behavior has changed t for a while and has tended to a new generation shopping style. Shopping in store is not an only way for customers. Online shopping provides customers a brand new shopping experience. NewEgg.com is a rapidly growing electric seller in recent...

Words: 2215 - Pages: 9

Premium Essay

Customs Declaration and Inspection

...How will cross-border ecommerce affect the customs declaration and inspection? 1.0 Introduction International ecommerce is called cross-border ecommerce, when consumers buy online from merchants, located in other countries and jurisdictions. In today’s complex economic world, neither individuals nor nations are self-sufficient. In 2012, Cross-border ecommerce sales reached $300 billion, while global online trade is expected to rise to $1.4 trillion by 2015. We can find that fast-developing business is changing the way of doing business in almost all aspects especially for the customs. Customs declaration and inspection are of great importance when a country importing goods or exporting. But because the features of e-commerce, the traditional way of declaration and inspection began to be low-efficiency. So some changes must be made. According to these views, this essay will give a comprehensive study about e-commerce. Firstly, this essay will make a general overview of cross-border e-commerce, and the second part will focus on the current situation of customs declaration and inspection. Then it will analyze the pros and cons of some customs policy. Finally it will put forward some recommendation for countries to expand cross-border ecommerce. 2.0 An overview of cross-border ecommerce In the modern society, the Internet allows consumers to shop online globally, purchasing products and services which may be unavailable or expensive in their home countries from websites in...

Words: 1157 - Pages: 5

Premium Essay

Strategy

...Introduction: Alibaba Group was established in 1999 by 18 people led by Jack Ma, a teacher from Hangzhou, China. Company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Currently it operates in leading online and mobile marketplaces in retail and wholesale segment, cloud computing and other services. It provides technology and services to consumers and other participants to conduct commerce in their ecosystem. Mission: To make it easy to do business anywhere. Vision: We aim to build the future infrastructure of commerce. We envision that our customers will meet, work and live at Alibaba, and that we will be a company that lasts at least 102 years. Subsidiaries and its ecosystem: 1. Alibaba.com (B2B market place): There were 40 million small businesses in China. Many of them operated in fragmented market with limited access to communication channels and information services. Alibaba developed small online trading platform designed to help connect small Chinese businesses with buyers, retailers and trading companies. With Alibaba.com they started acquiring customer on line at an extremely low cost. In 2008, Alibaba increased its operating profit by 48% and had 7.9 million registered users and 970,000 store fronts. Revenue from value added services increases in line with user base. 2. Taobao:...

Words: 2371 - Pages: 10

Premium Essay

Alibaba

...Leading position in the e-commerce market It is the world’s largest ecommerce company which instead of selling products themselves, provide a web platform for exchange of products. It does not warehouse the goods, instead connects the buyers and sellers which is the main reason for their fast growth. * Broader customer base To increase the customer base, have more information exchange and to build momentum to increase its influence, it has a team of three countries, i.e. Japan, China and Britain. * Brand popularity Alibaba has strong brand popularity and it is difficult to find another B2B ecommerce with such huge brand influence power and brand popularity in China. Alibaba has been doing the scientific marketing efforts for the global customers since many years and has used it to establish a good reputation and brand popularity in their customer’s mind, which has become the core competitiveness of them, and that is hard for the later competitors to exceed which acts as value for Alibaba. * Good understanding of its customers The customers of Alibaba are able to effortlessly navigate through the website because it has been created with a very good understanding of its customers. It also provides another forum for the customers who want to communicate information or find business opportunity in their location. It keeps on bringing new innovative ideas in the e-commerce industry in China which is a strong indication of its understanding of its customers. ...

Words: 1157 - Pages: 5

Premium Essay

Recent Trends in Ecommerce Logistic and Their Adaptation in Steel Logistics Process

...PGP2015-17 Project Report on Recent trends in Ecommerce logistic and their adaptation in Steel Logistics process To Mr. Gopal Kapoor & Mr. Alok Singh Student Name: - Suraj Tripathy Roll number: - PGP/19/350 Introduction The fast development of information and mobile technology in the past few years is changing many aspects of our lives i.e. how we look for the information we seek, how we plan our travel and most of all how we buy products or services. Even though classic store based retail is still preferred, e-commerce, which involves buying and selling of products and services mainly through electronic channels, like computer, tablets, mobiles etc. is gaining ground. The most common form of e-commerce is online shopping. Ecommerce can be of mainly three categories. Most common is business to consumer e-commerce (B2C), where individual customers order various products online, which they then receive through courier, parcel or by post. Second category of e-commerce focuses mainly on transactions between companies or businesses, such as manufacturers and a wholesaler, similarly from wholesalers and retailers and vice versa is called business to business e-commerce (B2B). The next category of e-commerce refers to the transactions between...

Words: 3595 - Pages: 15

Free Essay

Queensland Tourism

...12 months period. Moreover, the number of Chinese visitors was a continuing grow trend from 2001 to 2010. It can be said that Chinese visitor has become a needful group for the Queensland tourism, thus, the new target market is the international visitors who come from China. SWOT analysis of Queensland Tourism Company presents that some internal facts such as the environment, tourist experiences can be the Strengths. Moreover, Weaknesses can be that the brand image and awareness is weak for these potential Chinese customers. The high rate of exchange has already become the Threat not only for the Queensland tourism but also Australia tourism. The first marketing strategy is that using the social media tool as a platform to communicate with the potential customers in China, the brand awareness and image of Queensland Tourism Company could be improved, it should be mentioned that this social media platform also used to do the promotional activities. Packaging strategy can be the second marketing strategy for the target market, in China, Sina Weibo got the huge population of registered users. The packaging strategy means that the registered users can use the account number directive login our company’s ecommerce website and to the transaction activities such as hotel booking. The third marketing strategy is the group buying, it might be a good way to deal with the question of high exchange rate, the consumer can pay the lowest price to buy a product or service through by this activity...

Words: 2119 - Pages: 9

Premium Essay

Ebay and Alibaba

...Comparison of eBay.com and Alibaba.com Thomas Liquori o h T a m i L s o u q . i r e m Digitally signed by Thomas Liquori DN: cn=Thomas Liquori, email=thomasliquori@a ol.com, o=thomasliquori.me, l=New York, NY Date: 2010.09.05 16:57:16 -04'00' 12/16/2009 Professor Reddi: BUS451 By: Thomas Liquori, Danauda Benjamin, and Anca Barbu EBay.com Introduction ................................................................................................................................. 3 EBay.com Products and Services .................................................................................................................. 5 TABLE OF CONTENTS Comparison of eBay.com and Alibaba.com Ebay.com Financial analysis .......................................................................................................................... 6 Ebay.com Last Three Year Financial Graphs ................................................................................................. 7 EBay.com TOWS Matrix Analysis .................................................................................................................. 9 EBAY.com TOWS Matrix Graph ................................................................................................................... 13 Competitive Forces for ebay.com ............................................................................................................... 14 EBay.com Industry Rivalry...

Words: 12768 - Pages: 52

Premium Essay

Gillette

...E-commerce Executive Summary: E-commerce is one of the most progressive sectors of the economy. E-commerce has had powerful impact on all the macroeconomic sectors. It is redefining business processes and consumer expectations. The internet backbone of e-commerce is connecting every vendor in the world to every buyer across the globe. Advent of mobile devices has made the whole process even more interesting. E-commerce has done really well in its own right during the course of its conception as an industry. The growth rate have been continually rising against traditional shopping every year. Although the Great Recession has impacted the retail industry as a whole, the ratio of e-commerce sales are still strong and increasing. There are some clear dominance for certain goods that are purchased only through the internet. However, the proportion of shoppers purchasing online and shoppers through brick and mortars are still low. While it seems that e-commerce is taking over traditional sales, it is not even close to full domination of the retail industry. E-commerce has had significant impact on financial markets. Revenue growth of this sector is higher than that of the economy. Contribution of e-commerce to the GDP is increasing at a substantial rate. This fast growing industry has low entry barriers and is highly dependent on technological advancements. Efficiency and cost of performance are rapidly changing in favor of the industry with the growth in the technology sector. With...

Words: 2827 - Pages: 12

Premium Essay

Walmart Global Discount Retailer Moves from Brink and Mortar to Click and Mortar

...Since San Walton opened his first store in 1962, Walmart has grown into a global retailer with more than 4,000 store in the United States and more than 6,000 internationally. Walmart is comprised of three business segments, Walmart US, Walmart International and Sam’s Club. Walmart Global eCommerce works across all three segments. Walmart’s mission statement “We save people money so they can live better”, is not indicative of where its strategic focus areas are, but it does sound good for the average customer who has a limited budget. This mission statement leads directly into Walmart Global eCommerce goals which include combining online, social innovations with physical stores to give consumers “anywhere, anytime shopping experience” in addition to its organizational sustainability goal of creating zero waste, using only sustainable energy and selling products that sustain the environment which is important to all of Walmart’s segments including eCommerce. Walmart’s overall objective is to deliver shareholder value by increasing earnings per share, returns and maintaining strong stable returns on investment. According to Walmart CEO, Mike Duke, Walmart’s strategic focus areas are: •Making sure the company has the best retail talent at every level of the organization by recruiting, developing and retaining the best associates; •Delivering on the productivity loop that enables Walmart to operate for less so the company can drive prices even lower for its customers ...

Words: 3940 - Pages: 16

Premium Essay

Alibaba in Chinese Industry

... Abstract: Alibaba.com is one of the leading e-Commerce companies in China. It has grown admirably from its initial beginning as an e-Market connecting small suppliers and buyers to a giant emarketplace that has several operational platforms. Currently the heavy reliance on Chinese Economy, the counterfeit goods issues, and the competition from other emarketplace remain Alibaba’s greatest challenges. In this paper I evaluate Alibaba’s business model including its mission, vision, and values, revenue model, and its R&D structure. Alibaba’s strategy led to its competitive advantages in realizing network effect of scale and understanding the Chinese market. 1 yli17@cmc.edu 1. Introduction On November 11th, 2015, Alibaba Group Holding Ltd. (hereinafter, Alibaba) reported a record-breaking $14.3 billion in sales over just 24 hours during the “Singles Day”2, a shopping holiday. In recent years, Singles Day sales in China have out paced Cyber Monday sales in the US: According to the Reuters.com, on November 11th, 2014, Alibaba reported a $9.3 billion sales from 24 hours, which is $7.26 billion more than sum of US retail ecommerce on Cyber Monday 2014. The statistic shows the Chinese online shopping market’s power, as well as Alibaba’s leading position as the Chinese e-commerce giant. Reaching multiple competitive advantages in the industry in China, Alibaba’s successful business is valuable to study for companies in both e-commerce...

Words: 3400 - Pages: 14

Premium Essay

Wal-Mart

...Walmart’s Strategy Walmart’s Current strategy In Walmart's thinking, there are three types of shopping trips (Depillis, 2013): The stock-up mission- this kind of shopping trip brings families to Walmart's 3,200 nationwide Supercenters. The basic grocery run- where shopping trip shoppers want to go someplace nearby, such as one of Walmart's 300 neighborhood markets. The "immediate access" stops - where shoppers head for the traditional convenience store. As of today, Walmart hasn't really touched the third segment, except for a handful of "express" stores in Arkansas. Bill Simon, Walmart’s chief executive, vision to put all three segments together on what he called “ecosystem”. Walmart believes that “tethering” is the key to make this system work. From tether hiring and back- office functions, to tether inventory distribution systems, and even online orders, for greater efficiency and quick response to demand. In other words, instead of having one huge store with endless goods, Walmart will offer three kinds of stores with most of those goods, at the time and place customers need them. Walmart’s current strategy includes more emphasis on smaller-format stores and more e-commerce. (Cheng, 2012). Competitive Advantage Walmart enjoys several of competitive advantages that are the source of the company’s market dominance. However, Walmart’s primary competitive advantage is low costs. Low cost culture and leadership initiated by the company’s founder, Sam Walton...

Words: 7273 - Pages: 30

Premium Essay

Amazon Paper

...company has been making great business progresses. It has expanded into other countries. This is not usually the case with every other business that tries to penetrate foreign markets however, the company sells versatile products that can easy sold and delivered anywhere on the planet. Amazon reigns supreme as the top dog of online retail and is the only company in this top tier that specializes in ECommerce exclusively. Amazon accounts for 1/3 of US ECommerce sales. They brought in a whopping $34 billion in web sales last year. That’s over three times more than Staples’ web sales and over six times more than Apple’s. Although many other companies have adopted the approach employed by Amazon.com, the company is far much established than any of its competitors around the world. The fact the company works with developers based in different countries, still gives the company a lead over its competitors. Aside from Amazon’s current domination in the ECommerce market, what’s surprising is how quickly Amazon has reached this point, and their continued expected growth rates. With ECommerce as a whole growing at around 11-13%, Amazon is experiencing growth at about 3 times the market rate. The e-retailer is paying close attention to business-to-business (B2B) e-commerce, offering new sales vehicles for marketplace sellers and considering new...

Words: 765 - Pages: 4