What are the characteristics of e-commerce?

Business characteristics of e-commerce

1. paperless trading. Electronic transactions replace the traditional commercial paper media with electronic media, and replace the traditional written and signature forms with electronic forms. At the same time, information exchange, recording and storage are completed by optical, magnetic and electrical means.

The trade environment has changed. Traditional transactions are "face-to-face" transactions, which take place between specific places and specific objects. There is bound to be some physical contact between the two sides of the transaction, either because they are present or by phone. In many cases, electronic transactions are "machine-to-machine" transactions, and the transaction object may be anyone they meet online. In this situation, the traditional time-space boundary has been broken and the trading environment has become larger.

3. The content of the transaction has changed. In the era of e-commerce, information itself has become the subject matter of transactions. Information products can exist in both tangible and intangible carriers, and electronic technology makes it possible to exchange information without any carrier. Digital technology enables many information products that originally needed paper, magnetic media and physical media, such as books, software, music, film and television dramas, to be downloaded, read and watched online, making information independent of the carrier.