Int 440

The article presents the idea that e-commerce in china is growing rapidly. It touches on the fact that e-commerce in china is not only influenced by the Western countries but instead China has managed to shape it with its depict birth local characteristics. These characteristics include the attitude of Chinese entrepreneur, the beg of Chinese consumers, the economic learning and government legislation. One of the main(prenominal) issues is on Huang Bing, founder if United Cosmetic International, that caters to the demand of women who raging in countryside areas for branded cosmetic product, through online stores. In China, with the new-fangled development and growth, net has become something almost every soulfulness approaching to, whether for pleasure or business. Thus, in the article it is mentioned that the complete of China is connected by fast Internet pipes. raze Chinas government has made an let online of restrictive plans much(prenominal)(prenominal) as licen sing and censorship to oversee the e-commerce industry. Taobao, owned by Alibaba, is state apart of a Chinese auction service grade of the American eBay. Today have around 370 million registered users and that covers cardinal out of the four online sales made in China.

It is shown in a study by the Boston Consulting Group that the yearbook place of e-commerce in China will overtake countries such as the United States of America, Japan, Britain and even South Korea by 2015 at $305 billion. Commentary Internet based business even seek the governments input before launching a service, such as Kai Fu Lee, head o f Innovation Works. Lee has managed to view! as licenses and cleared the dull terms for censorship. Taobao quickly overtook its competitors by not charging transaction fees and it overcame the biggest breastwork to online business in China, which is the lack of trust. The online defrayal system is called Alipay, it has an escrow map that withholds payment until goods have been received. There is excessively a undersized e-commerce company called Vancl, that satisfy the growing...If you want to attain a just essay, order it on our website: BestEssayCheap.com

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