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E-commerce In China
China is the world's largest market for e-commerce. Domestic e-commerce firms have the greatest share of China's market, with foreign companies having a comparatively small presence. The expansion of e-commerce in China has resulted in particular e-commerce patterns like the development of Taobao village, Taobao villages and Livestreaming e-commerce in China, livestreaming e-commerce. E-commerce in China is regulated through a variety of means, particularly China's 2018 E-Commerce Law. E-commerce patterns Since 2013, China is the world's largest e-commerce market. Its domestic e-commerce market was an estimated in 2016. China accounted for 42.4% of worldwide retail e-commerce in that year, the most of any country. Domestic companies like Alibaba Group, Alibaba, JD.com, and Pinduoduo have the largest share of China's e-commerce market. Foreign companies like Amazon China, Amazon and EBay have not gained significant shares in the market. The expansion of e-commerce in China has r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taobao Village
Taobao villages () are Rural society in China, rural Chinese villages where the local economy has developed to focus extensively on e-commerce via the Taobao online retail platform. Taobao villages have contributed to economic development and rural revitalization in China. Definition Taobao villages are rural Chinese villages where the local economy has developed to focus extensively on e-commerce via the Taobao platform. Alibaba's research division defines Taobao villages as those in which (1) businesses are located in an administrative village in a rural area, (2) the village's annual e-commerce revenues exceed RMB 10 million, and (3) the village has either an excess of 100 active online shops or active online shops account for more than 10% of village households. Overview Taobao villages are concentrated in China's coastal regions, particularly in Zhejiang, Zhejiang province (which is where Alibaba, which operated the Taobao platform, is located). Zhijiang, Hubei, Zhijiang C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the last millennium. It is a major economic and e-commerce hub within China, and the second biggest city in Yangtze Delta after Shanghai. Hangzhou is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China after Guangzhou-Shenzhen Pearl River agglomeration, Shanghai-Suzhou-Wuxi-Changzhou conurbation and Beijing. As of 2019, the Hangzhou metropolitan area was estimated to produce a gross metropolitan product (nominal) of 3.2 trillion yuan ($486.53 billion), making it larger than the economy of Nigeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Types Of E-commerce
There are many ''types of e-commerce models, based on market segmentation, that can be used to conducted business online. The 6 types of business models that can be used in e-commerce include: Business-to-consumer, Business-to-Consumer (B2C), Consumer-to-business, Consumer-to-Business (C2B), B2B e-commerce, Business-to-Business (B2B), Customer to customer, Consumer-to-Consumer (C2C), Business-to-government, Business-to-Administration (B2A), and Consumer-to-Administration Business-to-business (B2B) B2B e-commerce refers to the sale of goods or services between businesses via an online sales portal. While sometimes the buyer is the end user, often the buyer resells to the consumer. This type of e-commerce typically applies to the relationship between producers and wholesalers; it may additionally remain applied to the relationship between the producers or the wholesalers and the retailers themselves. However, the same relationship can also occur between service providers and busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tmall
Tmall (), formerly Taobao Mall, is a Chinese-language website for business-to-consumer (B2C) online retail, spun off from Taobao, operated in China by Alibaba Group. It is a platform for local Chinese and international businesses to sell brand-name goods to consumers in Greater China. It has over 500 million monthly active users, as of February 2018. In the last few years, it has opened its features to brands, not only for online sales but also for developing brand awareness. According to Alexa Rank, it is the third most visited website globally in 2021. History Tmall.com was first introduced by Taobao in April 2008 as Taobao Mall (), a dedicated B2C platform within its consumer e-commerce website. The key difference between Tmall and Taobao is Tmall is a B2C platform but Taobao is C2C. In November 2010, Taobao Mall launched an independent web domain, tmall.com, to differentiate listings by its merchants, who are either brand owners or authorized distributors, from Taobao's C2C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Timeline Of E-commerce ...
This page is a timeline of e-commerce. Major launches, milestones and other major events are included. Overview Timeline See also * Timeline of online video * Timeline of social media * Timeline of online advertising References {{Reflist, 30em E-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain managem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taobao
Taobao () is a Chinese online shopping platform. It is headquartered in Hangzhou and is owned by Alibaba. According to Alexa rank, it is the eighth most-visited website globally in 2021. Taobao.com was registered on April 21, 2003 by Alibaba Cloud Computing (Beijing) Co., Ltd. Taobao Marketplace facilitates consumer-to-consumer retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and abroad, which is made payable by online accounts. Its stores usually offer an express delivery service. Sellers are able to post goods for sale either through a fixed price or an auction. Auctions make up a small percentage of transactions, whereas the majority of the products are new merchandise sold at fixed prices. Taobao users usually read feedback and compare items from multiple shops. Taobao's popular payment platform is Alibaba's Alipay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shein
Shein ( ; styled as SHEIN; ) is a Chinese online fast fashion retailer headquartered in Singapore. Founded in Nanjing, China in October 2008 as ZZKKO by entrepreneur Chris Xu, Shein grew to become the world's largest fashion retailer as of 2022. Shein delivers to more than 150 countries and was valued at $100 billion after a funding round in April 2022. Known for selling relatively inexpensive apparel, Shein's success has been credited to its popularity among Generation Z consumers. The company was initially compared to that of a drop shipping business, as it was not involved in design and manufacturing, instead sourcing products from the wholesale clothing market in Guangzhou. Beginning in 2012, Shein began to establish its own supply chain system, transforming itself into a fully integrated retailer. The company has established its supply chain in Guangzhou with a network of more than 3,000 suppliers as of 2022. In 2019, the company moved its headquarters from China to Singap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet In China
China has been on the internet intermittently since May 1989 and on a permanent basis since 20 April 1994, although with limited access. In 2008, China became the country with the largest population on the Internet and, , has remained so. As of July 2016, 730,723,960 people (53.2% of the country's total population) were internet users. China's first foray into global cyberspace was an email (not TCP/IP based and thus technically not internet) sent on 20 September 1987 to Karlsruhe Institute of Technology. It said "Across the Great Wall, we can reach every corner in the world" (). This later became a well-known phrase in China and , was displayed on the desktop login screen for QQ mail. History By the end of 2009, the number of Chinese domestic websites grew to 3.23 million, with an annual increase rate of 12.3%, according to the Ministry of Industry and Information Technology. As of first half of 2010, the majority of the Web content is user-generated. As of June 2011, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Digital Economy
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional Brick and mortar, brick-and-mortar economic activities (production, distribution, trade) are being transformed by Internet, World Wide Web, and blockchain technologies. The digital economy is variously known as the ''Internet Economy'', ''Web Economy'', ''Cryptoeconomics, Cryptoeconomy'', and ''New Economy''. Since the digital economy is continuously replacing and expanding the traditional economy, there is no clear delineation between the two integrated economy types. The digital economy results from billions of daily online transactions among people, organizations (businesses, educational institutions, non-profits), and distributed computing devices (servers, laptops, smartphones, etc.) enabled by Internet, World Wide Web, and blockchain technologies. The digital economy is rapidly evolving into an Internet of Things (IoT), and could not exist in its curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conversational Commerce
Conversational commerce is e-commerce done via various means of conversation ( live support on e-commerce Web sites, online chat using messaging apps, chatbots on messaging apps or websites, voice assistants) and using technology such as: speech recognition, speaker recognition (voice biometrics), natural language processing and artificial intelligence. Development WeChat in China During this time, in China, e-commerce via WeChat – at its core a messaging app, but also letting merchants display their goods in mobile Web pages and via social feeds – grew strongly. By 2013 e-commerce in China had overtaken that of the U.S. Facebook Messenger In 2016, Facebook announced its Facebook Messenger chatbot platform, heralding the arrival of conversational commerce via the most widely used messaging app in the world outside China. More than 34,000 businesses had opened shop on Messenger by August 2017. Early cited examples of conversational commerce chatbots on Facebook Messenger inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
False Advertising
False advertising is defined as the act of publishing, transmitting, or otherwise publicly circulating an advertisement containing a false claim, or statement, made intentionally (or recklessly) to promote the sale of property, goods, or services. A false advertisement can be classified as deceptive if the advertiser deliberately misleads the consumer, rather than making an unintentional mistake. A number of governments use regulations to limit false advertising. Types of deception False advertising can take one of two broad forms: an advertisement may be factually wrong, or intentionally misleading. Both types of false advertising may be presented in a number of ways. Photo manipulation Photo manipulation is a technique often used in the cosmetics field and for weight loss commercials to advertise false (or non-typical) results and give consumers a false impression of a product's capabilities. Photo manipulation can alter the audience's perception of a product's effect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brushing (e-commerce)
Brushing is a deceitful technique sometimes used in e-commerce to boost a seller's ratings by creating fake orders. Background Most e-commerce sites rate sellers by multiple criteria and display these seller ratings to customers. Since a good rating can boost sales, these ratings are very important to sellers. The number of items sold is usually an important factor in that rating. ''Brushing'' consists of generating fake orders to boost the rating. A seller can do this by paying someone a small amount to place a fake order or just using another person's information to place an order themselves. Because a shipment usually has to take place for an order to be considered valid by the e-commerce site, the seller will frequently ship an empty box or some cheap item. These fake orders, if unnoticed, can boost the seller's rating, which can make it more likely that their items will appear at the top of search results on e-commerce sites. The person who "bought" the item may also pos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
