What is e-commerce?

The word e-commerce is the abbreviation of e-commerce by people in the industry. It refers to conducting business activities through the network, which breaks through the limitations of time and space. Compared with the traditional business model, it has huge and obvious advantages: expanding consumer groups, reducing costs and higher efficiency.

E-commerce, referred to as e-commerce, refers to the trading activities and related service activities in the form of electronic transactions on the Internet, intranet and value-added network, which is the electronization and networking of all aspects of traditional business activities.

E-commerce includes electronic currency exchange, supply chain management, electronic trading market, online marketing, online transaction processing, electronic data exchange, inventory management and automatic data collection system. In this process, the information technologies used include: Internet, extranet, e-mail, database, electronic directory and mobile phone.

Advantages of e-commerce

1. E-commerce electronizes and digitizes traditional business processes. On the one hand, replacing real logistics with electronic flow can greatly reduce manpower and material resources and reduce costs. On the other hand, it breaks through the limitation of time and space, so that trading activities can be carried out at any time and any place, thus greatly improving efficiency.

2. The openness and globalization of e-commerce have created more trade opportunities for enterprises.

3. E-commerce enables enterprises to enter the global electronic market at a similar cost, making it possible for small and medium-sized enterprises to have the same information resources as large enterprises and improving their competitiveness.

4. E-commerce redefines the traditional circulation mode, reduces intermediate links, and makes direct transactions between producers and consumers possible, thus changing the whole social and economic operation mode to some extent.