2.2 E-commerce in China:
This section mainly introduce the e-commerce background in China, which is divided into three parts. The first part will mention basic information regarding the Chinese e-commerce infrastructure. The second part will introduce the differences between Chinese and foreign e-commerce background. The last part will mention a Chinese e-commerce company, Alibaba.
2.2.1 The Internet infrastructure in China
Wong et al. (2004) comment that the e-commerce market of China would be prosperous in the future. The Chinese government also believes that the e-commerce imposes positive impacts on the Chinese economy and Chinese organisations’ development, and sets out investing a national data communication network in 1993. It is expected
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Many Chinese e-commerce companies tend to develop global services and choose to be listed abroad. For instance, the largest e-commerce company in China, Alibaba, is a platform for the small and medium sized enterprises and enable them to complete the transaction between buyers and sellers. This company is referred to as ‘China’s Amazon’ and has more than 60% market share and at least 7 million registered users (Zhao et al., 2008). Alibaba delisted from the Hong Kong Stock Exchange and chose to be listed in the United States. As it is believed that the American economic market enables these companies to obtain more capitals and internationalise their business in comparison with Chinese present market. According the news of BBC, Alibaba set out the IPO on the New York Stock Exchange in the September and would obtain around $24.3 billion in its share sale which is the largest IPO in history (BBC, 06 September 2014). This represents that the Chinese e-commerce company rapidly develop and successfully establish of the International …show more content…
The external environment where e-commerce companies operate leads to create the unique characteristics of the Chinese e-commerce industry. These factors are worth paying attention to research Chinese e-commerce companies. It is found that the relevant studies which have been done are not adequate, and more research regarding the performance of e-commerce companies in China is needed to fill the gap.
This paper aims to identify the relationships between various board compositions and the corporate performance of Chinese e-commerce companies. The various board compositions contain the age, gender and education level of directors, board size and the proportion of inside and outside directors on board. Moreover, the paper focus on researching the e-commerce companies which are based on information and communication technology (ICT) and mainly offer service of business to business (B2B), business to customer (B2C), customer to customer (C2C) and customer to business (C2B). The findings of this paper will contribute to fill the gap regarding how the board characteristics of the Chinese e-commerce companies affect their corporate performance. In addition, due to the China as one of developing countries, the e-commerce companies of other developing countries may have part similarity with that of China. In the next section, this paper will emphasise
The future of economic competitiveness for most enterprises relies on entrance and active participation in the e-commerce market. An essential problem with e-commerce is that the controls and organization are different for each site. There is no standard way of building t...
A little more than 10 years ago, China’s path to e-commerce leadership would have been difficult to foresee, even as the tech boom in the US and other markets saw the development of e-commerce as an important B2C and C2C channel.
The protection of consumer privacy in e-business. The digital era has arrived. Blue Book information editorial board and Social Science Literature Publishing House (2010) pointed out that “China's e-commerce transaction volume reached 3.85 trillion yuan in 2009”. Utilisation of e-business services was also high amongst Hong Kong people.
The Internet has become a major tool for communication and access to information for over two and half billion people (Wright 121). Although Internet has become an unavoidable reality that is consuming our planet in a web of information. This process is being shaped by our actions and choices which ultimately drives us together (Deibert 11). Nowadays China has over 538 million netizens, the world’s largest online community (Feng & Guo 335).
One of the fundamental factors that has affected the process of economic globalization is the improvements in the technology of transportation and communications. This has reduced the costs of transporting goods, services, and factors of production and of communicating economically useful knowledge and technology. There is no doubt that advances in information and communications technology are the most important technological advances of the past quarter century (Mussa, 2000). By far, the most important and business altering advancement is the internet. There is evidence everywhere that the internet has greatly affected international trade. The internet has opened up the world, and brought it right into everyone's home and business. In addition, technology and the internet have greatly reduced the costs of doing business. Even the smallest operation can now go global via the internet at almost no cost. However, there are still some problems that face these e-commerce activities. These problems are shot-term challenges and can be met. The key issues center around two areas:
Smith, Craig, "Tough New Rules Don't Faze Chinese Internet Start-Ups," The New York Times, 4 October 2000. Retrieved 26 April 2004.
Shin, N. (2001). Strategies for Competitive Advantage in Electronic Commerce. Journal of Electronic Commerce Research, 2 (4), pp. 164-171.
This report will attempt to critically analyse and assess the internal and external factors which effected the strategic decisions made by eBay. These strategic decisions consisted of the acquisitions with Skype and PayPal coupled together with an analysis on why eBay failed may have failed in expanding their online presence in eastern parts on the globe such as China.
As American and European markets mature, Asia is turning out to be progressively appealing to businesses, particularly to e-business firms that flourish with global and scalable business models. Yet, barring markets like Japan, most global e-commerce players like Amazon, eBay and Expedia have yet to find in Asia the kind of success that they have enjoyed in their home markets. While late entry and local regulations partly explain their low market share in the region, these firms also face unique challenges in Asia due to diverse cultures, multiple languages and poor infrastructure. Given the rising significance of the Asian market, interest in the territory would seem to be a consistent step. But, it’s important not to forget that the international playing field, in respect of Intellectual Property, is exceptionally dynamic and competitive.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
E-commerce is about two decades old, yet due to its fascinating dimensions, it remains a challenging area for researchers and professionals.
The report also talks about the differences between, advantages and disadvantages of e-business and e-commerce. Recommendations and advice have been given in the end for businesses intending to adopt an e-business dimension.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.
Consequently, e-business and especially online shopping is crucial for retail stores. They should provide necessary infrastructure for selling their products online. By taking advantage of e-business not only they can get competitive advantage of online shopping, but the...