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How does E-Commerce create business opportunities?

In the 21st century, the rapid development of information technology and the rapid increase in information exchange have brought new drives and innovative ideas to the whole society. The wide adoption of information technology by the community has led to great changes. These changes are not simply in the context of data processing or computing. They are changes which affect how we communicate with each other, how we organize our daily activities, how we educate the younger generation, and how we run business. The development and wide adoption of information technology, computer network and Internet have transformed the mode of operation of many businesses, and at the same time have brought along unprecedented business opportunities. Businesses are now able to conduct transactions across geographical boundaries, across time zones and at a high efficiency. E-Commerce has become the market trend of the Century.

What's E-Commerce?

E-Commerce is doing business through electronic media. It means using simple, fast and low-cost electronic communications to transact, without face to face meeting between the two parties of the transaction. Now, it is mainly done through Internet and Electronic Data Interchange (EDI). E-Commerce was first developed in the 1960s. With the wide use of computer, the maturity and the wide adoption of Internet, the permeation of credit cards, the establishment of secure transaction agreement and the support and promotion by governments, the development of E-Commerce is becoming prosperous, with people starting to use electronic means as the media of doing business.


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