Question

Part Three. Short answer questions (1 points per question) 1. What is the basic definition of E-Commerce? And what are the five general electronic commerce categories? Name at least 3 major E-Commerce companies in China and around the world, advantages and specify their characteristics, specialties, and

Answer 1

E- commerce is basically sale and purchase of goods and services online I.e. over the Internet. For example sale of clothes online on alibaba platform.

General electronic commerce categories are :

1. Business to business: It focuses on providing goods and services to other businesses online.

2. Buisness to consumers: It focuses on providing goods and services to end users/ individuals.

3. Consumer to consumer: It involves sale and purchase of goods and services online by providing them an online platform in exchange of some commission.

4. Consumer to business: It focuses on individual selling goods and services to businesses over the internet.

5. Business to governments: Here clients of the businesses is government. And the exchange takes place online.

3 Major e commerce companies in China and around the world are:

1. Alibaba group holdings limited: It is an international online marketplace for retail and wholesale trade. It is China's largest e commerce platform and has a very strong revenue growth.

2. JD: It offers sake of electronic products, food, apparel etc.The compny has largest infrastructure for any e-commerce.

3. Tencent holding ltd: It provides advertising services and internet based services. It is the second largest online payment platform in China.