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Electronic Business: Past, Present, and FutureWhether do you know e-commerce? Most of people must consider “taobao” this word which is significant of Electronic Business in China. However , few people go to shopping online in ten years ago. What is the concept of e-commerce and what is the history of e-commerce? It is necessary to explain this hot word.Electronic business, commonly referred to as e-Business or e-commerce, may be defined as the application of information and communication technologies in support of all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business.20 years ago , with the development of internet in the world, The Internet has created a new economic ecosystem, the e-commerce marketplace, and it has become the virtual main street of the world. Providing a quick and convenient way of exchanging goods and services both regionally and globally, e-commerce has boomed. And then, , anonline auctionand shoppingwebsitein which people and businesses buy and sell a broad variety of goods and services worldwide, Was Founded in 1995. From now on , with the large economic development of our country , the economic style has been changing. The Electronic Business is increasing in a fast speed when the company named Alibaba was founded in China. And then which is basic on C2C(consumer to consumer) is becoming the most popular website of shopping in China. D and J which are basic on B2C(Business to consumer) are also popular in nowadays. Today, e-commerce has grown into a huge industry with CH online retail generating $300B in sales in 2010. In the last 5 years, many startup e-commerce companies have rapidly stolen market share from traditional retailers and service providers, pressuring these established traditional players to deploy their own commerce websites or to alter company strategy in retaliation. From the discuss what we have above , we know that more and more companies change into electrical business or become a composite company with traditional and e-commerce in sale style in nowadays. This style will be used in the company in the new century. There is no doubt that ecommerce will hold the dominate position of economy in the world in the future. Finally, I just want to express my view of e-commerce. MaYun who is the CEO of Alibaba has ever said that “70 %
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