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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 villages and livestreaming e-commerce. E-commerce in China is regulated through a variety of means, particularly China's 2018 E-Commerce Law. Expansion of E-commerce In the early 2000s, China's e-commerce lagged behind that of other major economies. When the 2008 financial crisis resulted in decreased demand from Western markets, Chinese manufacturers re-oriented towards the domestic market. Many focused on domestic online marketing, either through creating their own brands or selling to other Chinese online sellers. In turn, this pivot by Chinese manufacturers increased the quantity and diversity of products available online, leading to a major increase in e-commerce in China. In 2008 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taobao Village
Taobao villages () are 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 province (which is where Alibaba, which operated the Taobao platform, is located). Zhijiang City in Hubei province also has a significant clu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alibaba Group
Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese Multinational corporation, multinational technology company specializing in E-commerce in China, e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors. On 19 September 2014, Alibaba's American initial public offering (IPO) on the New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in the world on the Forbes Global 2000, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business-to-business
Business-to-business (B2B or, in some countries, BtoB) refers to trade and commercial activity where a business sees other businesses as its customer base. This typically occurs when: * A business sources materials for its production process for output (e.g., a food manufacturer purchasing salt), i.e. providing raw material to the other company that will produce output. * A business needs the services of another for operational reasons (e.g., a food manufacturer employing an accountancy firm to audit their finances). * A business re-sells goods and services produced by others (e.g., a retailer buying the end product from the food manufacturer). Business-to-business activity is thought to allow business segmentation. B2B is often contrasted with business-to-consumer (B2C) trade. Organization Successful B2B operations depend upon sales personnel understanding the purchasing behaviour and outlook of the types of business they wish to work with. B2B involves specific challenges a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brick And Mortar
Brick and mortar (or B&M) is an organization or business with a physical presence in a building or other structure. The term ''brick-and-mortar business'' is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations. More specifically, in the jargon of e-commerce businesses in the 2000s, brick-and-mortar businesses are companies that have a physical presence (e.g., a retail shop in a building) and offer face-to-face customer experiences. This term is usually used to contrast with a transitory business or an Internet-only presence, such as fully online shops, which have no physical presence for shoppers to visit, talk with staff in person, touch and handle products, or buy from the firm in person. However, such online businesses normally have non-public physical facilities from which they either run business operations (e.g., the company headquarters and back office facilities), and/or warehouses fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yulin, Shaanxi
Yulin ( zh, s=榆林 , p=Yúlín , ‘’’local pronunciation:[ˈy³⁵ˌljʌŋ]’’’) is a prefecture-level city in the Shaanbei region of Shaanxi province, China, bordering Inner Mongolia to the north, Shanxi to the east, and Ningxia to the west. It has an administrative area of and as of the 2020 Chinese census had a population of 3,634,750. History Yulin played host to the 11th CHIME (European Foundation for Chinese Music Research) conference in August 2006. From 26–29 August 2017, the 1st IGU-AGLE Commission's conference on 'Global Rural Development and Land Capacity Building.' was held in Yulin University. Geography Yulin is the northernmost prefecture-level city of Shaanxi, and borders Ordos City (Inner Mongolia) to the north, Xinzhou and Lüliang (Shanxi) to the east, Yan'an to the south, and Wuzhong, Ningxia, Wuzhong (Ningxia) to the west. To the north and northwest of the city lies the Ordos Desert, though the countryside is very green due to the many small shru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daqing
Daqing () is a prefecture-level city in the west of Heilongjiang province, People's Republic of China. The name literally means "Great Celebration" and refers to the tenth anniversary of the PRC. Daqing is known as the "Oil Capital of China" and has experienced a phenomenal boom since oil was discovered at the Daqing Oil Field in 1959. Its population was 2,781,562 as of the 2020 Chinese census, 2020 census, of whom 1,574,389 lived in the built-up (or metro) area in four out of the total of five urban districts: Sartu, Longfeng District, Longfeng, Ranghulu and Honggang. History The region now known as Daqing Prefecture was a reasonably insignificant place until the Qing dynasty, known only as an unsettled hunting ground of Dörbet Oirat tribes due to its wetland and prairies. The region began to grow slightly after the Russian Empire constructed the Chinese Eastern Railway (KVZhD) through the area in 1898. The railway has a station at Sartu in today's Sartu District. It was not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (China)
The Ministry of Finance of the People's Republic of China is the constituent department of the State Council of the People's Republic of China which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state. The ministry also records and publishes annual macroeconomic data on China's economy. This includes information such as previous economic growth rates in China, central government debt and borrowing and many other indicators regarding the economy of mainland China. The Ministry of Finance's remit is smaller than its counterparts in many other states. Macroeconomic management is primarily handled by the National Development and Reform Commission (NDRC). State-owned industries are the responsibility of the State-owned Assets Supervision and Administration Commission, and there are separate regulators for banking, insurance and securities. It also does not handle regulation of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Micro-enterprise
A micro-enterprise (or microenterprise) is generally defined as a small business employing nine people or fewer, and having a balance sheet or turnover less than a certain amount (e.g. euro, €2 million or Philippine peso, PhP 3 million). The terms microenterprise and microbusiness have the same meaning, though traditionally when referring to a small business financed by microcredit the term microenterprise is often used. Similarly, when referring to a small, usually legal business that is not financed by microcredit, the term microbusiness (or micro-business) is often used. Internationally, most microenterprises are family businesses employing one or two persons. Most microenterprise owners are primarily interested in earning a living to support themselves and their families. They only grow the business when something in their lives changes and they need to generate a larger income. History of the concept The concepts of micro-enterprise and microfinance were pioneered in 1976 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Of Things
Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communication networks. The IoT encompasses Electronic engineering, electronics, Telecommunications engineering, communication, and computer science engineering. "Internet of things" has been considered a misnomer because devices do not need to be connected to the public internet; they only need to be connected to a network and be individually addressable. The field has evolved due to the convergence of multiple technologies, including ubiquitous computing, commodity sensors, and increasingly powerful embedded systems, as well as machine learning.Hu, J.; Niu, H.; Carrasco, J.; Lennox, B.; Arvin, F.,Fault-tolerant cooperative navigation of networked UAV swarms for forest fire monitoring Aerospace Science and Technology, 2022. . Older fields of embedded systems, wireless sensor netw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Plus
Internet Plus (), similar to Information Superhighway and Industry 4.0, is a concept and strategy proposed by China's premier Li Keqiang in his Government Work Report on March 5, 2015 so as to keep pace with the information trend. According to China's official website, "Internet plus" was on the list of significant economic keywords in 2015 and was one of the newest expressions of the two sessions (National People's Congress of the People's Republic of China and Chinese People's Political Consultative Conference, ) of the year. Definition "Internet Plus" refers to the application of the internet and other information technology in conventional industries. It is an incomplete equation where various internets (mobile Internet, cloud networking, big data or Internet of Things) can be added to other fields, fostering new industries and business development in China. It was a five-year plan to integrate traditional manufacturing and service industries with big data, cloud computing, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Council Of The People's Republic Of China
The State Council of the People's Republic of China, also known as the Central People's Government, is the chief administrative authority and national cabinet. It is constitutionally the highest administrative organ of the country and the executive organ of the National People's Congress, the highest organ of state power. It is composed of a premier, vice-premiers, state councilors, ministers, chairpersons of commissions, an auditor-general, the governor of the People's Bank of China, and a secretary-general. The premier of the State Council is responsible for the State Council and exercises overall leadership of its work. The secretary-general of the State Council, under the leadership of the premier, is responsible for handling the daily work of the State Council and heads the General Office of the State Council. The executive meeting of the State Council, consisting of the premier, vice-premiers, state councilors, and the secretary-general, is held two to three times a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
