How E-Commerce Has Become Vital to World Economics

However, most consumers of China do not trust e-commercial retailers since e-commerce market still has a rather shorter history in China. Most researchers found out that prices of most Dotcoms

Many market opportunities have helped the Alibaba Group thrive in the recent years. The location is the first advantage because China has over 560 million users of internet spending over 20 hours online a week. China is the biggest internet market globally (Bhasin, 2016). This is twice the size of internet users in United States of America. China is gradually shifting the traditional retailing in favor of latest trend of e-tailing. The good relationship with the government of China has enabled it to carry its operations so well in the market. For example, Alibaba Group was among the companies selected by the government of China to join the Internet banking. This is a huge opportunity especially where banks are state owned (Shiying & Avery, 2009). The cost cutting associated with the huge volume of sales. For example, Tmall and Taobao accounted for over 50 percent of all the Chinese delivered parcels. Tmall’s and Taobao’s combined transaction volume in 2012 was about one trillion yuan. This figure was more than eBay and Amazon transaction volumes combined.

This study will prove that e-commerce has grown because it adds value to people’s lives. It will show that e-commerce will not disappear but evolve into something even greater than what it is right now.

The Alibaba group has thrived in the Chinese e-commerce sector from its inception in 1998. They currently account for over 70% of online shopping in China and delivered annual revenues of $636 million in the 12month period ending June 2009 (case p1-2). Alibaba’s successes are due to multiple factors that have allowed them to create corporate advantage, and thus establish market leadership in China (Case p1). The configuration and coordination of Alibaba’s

The continuous development of Internet leads to the growth of e-commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e-commerce as their feasible alternative in the purchase of goods and

Founded just before the turn of the millennium in Hangzhou, China, Alibaba Group has to date become the largest online retail website worldwide in the planet, its total transactions surpassing the sum of both Amazon and eBay’s (Erickson, 2013). The report explains its business and operation model and market strategy, before moving to explore the reasons for Alibaba Group’s success such as its established market share in the large market of Mainland China and its efforts to promote the perception of the reliability and security of e-commerce. Comprising of its future plans in logistics improvement, expansion into developing nations, integration with social networks, venture into mobile

In this report I will examine the case “Alibaba: Competing in China and Beyond.” Alibaba under the leadership of Jack Ma, its founder has transformed into one of the most successful e-commerce companies in China. In the 2000s Alibaba had emerged as the largest e-commerce company in China. The company tailored its strategies to meet the needs of the customers and made a mark because of its understanding of the Chinese language and culture. However, some

China has the world’s largest online populations with 130 million residential broadband accounts. E-tailing produced more than $180 billion in sales in 2012. The e-tailing industry in China has registered 120% compound growth rate since 2003. At the heart of this e-tailing revolution lies the Alibaba group, which is slated to go public in the United States as early as next month.

eBay Incorporated, a US company headquartered in San Jose, California, provides online marketplaces for the sale of goods and services, online payments services, and online communication offerings to individuals and business in the United States and internationally. With more than 90 million active users globally, their collective impact on e-commerce is staggering: In 2009, the total worth of goods sold on eBay was $60 billion — $2,000 every second. The business strategy of eBay is exemplified in the company’s mission statement, “eBay’s mission is to provide a global trading platform where practically anyone can trade practically anything”.

As Tencent announced to take 15% stake of JD.com[1], which is the largest online retailer of China, in March 2014, it also implicated the failure of Tencent’s previous e-commerce strategy. In the

In 2004, eBay acquired by Each Net to enter the Chinese market, many analysts believe eBay will become leader in Chinese market. Tao Bao and eBay both have a wealth of experience in international and domestic markets and to maintain close contact with consumers. By the end 2006, eBay has invested three hundred million US dollars for the Chinese business but with little success. Market share of eBay continue to decline each year and fell pitifully until 2006, Alibaba’s Tao Bao leapt on it. After the completion of the acquisition Bo Shao and other eBay executives have been chosen to leave eBay. With Tao Bao online, EBay has difficulty situation in China and market share began declining. The biggest problem is the user experience and defining aspect of the product, at beginning which get global platform to China. Because of eBay’s global platform is grid, according to the situation in China, localization is hard, which limits the prospects for our development in China fundamentally.

Through the Asia-Pacific Economic Cooperation (APEC) CEO Conference of 2015, Alibaba director Jack Ma was cited as saying, ‘E-commerce is like a dessert in the US, yet the main course in China’ (Ma, J. (2016).

As presented above, the growth of e-commerce in China has relatively been higher and faster than in the United States. This means that this revolution opens more opportunities for businesses like Yiwu Asu. It may also be predicated that the stronger global presence will be achieved by Yiwu Asu in the future.

In the recent years, the internet has been known for an impressive evolution, having a major impact on all aspects of life esp., e-commerce (EC). This paper mainly explains the EC and also identifies the various international barriers to e-commerce and they can be evaluated for EC success.

The ICT industry in China encompasses an array of products and services. As of 2006, it is estimated that more than 860 million Chinese use mobile phones, and more than half of these users utilize the online platform.