E-Commerce C2C

C2C (customer-to-customer)

Consumer-to-consumer (C2C) involves the electronically facilitated transactions between consumers through the agent, a common example is the online auction, consumer posts an item for sale and other consumers bid to purchase it; the agent generally charges a flat fee or commission. The sites are only intermediaries, just there to match consumers. They do not have to check quality of the products being offered.（source: C2C）

 It helps the online dealing of goods or services among people. Though there is no agents needed but the agents will not fulfill the transactions without the program which is supplied by the online market dealer such as eBay.

            

These are the two famous organizations engaged in this type of e-commerce from my home country.

The first one is Taobao.com, The term “Tao Bao” literally means “to search for treasure”, and implies that no treasure will go unfound when using their website. It is one of the most famous e-commerce website in china; Taobao.com is the site that killed eBay China. Created in 2003 by the Alibaba group; Taobao received 450 million RMB in funding to become China’s top C2C, B2C platform. Now Taobao.com is the largest online retail giant in China.

Paipai.com (means “auction auction” in Chinese) shares a great similarity with Taobao. It is the second largest E-commercial platform in China, and supports China’s most widely used instant messaging tool: QQ. This gives Paipai immediate reach with QQ’s already established user base, by directly integrating into QQ’s interface when loaded.

In the modern society, change of e-commerce is very important to influence the business model since e-commerce has been revolutionizing the business world.

With this phenomenal growth of E-Commerce, anyone can open a business on an international level 24 hours a day, no matter where the business is physically located. In other words, one location can serve the business needs over the global world. Because the customer, or client, base of a business is able to grow on a global scale, the potential for profit has skyrocketed

(Source: Ecommerce: A great change for the business world)

E-Commerce is quickly becoming a major source of business throughout the world. As the Internet continues to grow and influence our lives even more, there is no telling how far e-commerce will develop.

Customers prefer e-commerce Websites for a number of reasons:

1)      The selection of items is diverse.

2)      Instance chat available.

3)      No limited products and services in the mall that you can carry.

4)      Comparison shopping is quick and easy.

5)      And you don't have to leave your home to go shopping.

Ron Z. Mendelson, recognized expert on offshore business, and director of offshoreXplorer.com states "The absolute freedom associated with offshore E-Commerce is a highly attractive option in today's business world. With the need for a competitive edge in the global market, the offshore E-Commerce business can give a business the boost it needs and it can give the business operator a greater profit and more peace of mind."

(Source: E-Commerce Brings the World to the Doorsteps of Businesses Everywhere)

C2C trading has varies of forms throughout the world. Consumers have been known to sell cars, books and many other products as a specialty.

In Australia, one of the most recognized trading marketplaces is found on tradingpost.com. The trading post is located in all local newspapers, but in the early 2000's trading post moved to an online marketplace. The same advertisements done in the paper are shown online and the online version is currently run through service provider Bigpond in order to gain larger exposure to the wider community. The site uses provider PayPal to make purchasing and selling of goods more secure.

My favorite country that uses C2C trading is United States, which develops the e-commerce market a lot. For example, Autotrader.com is a website in U.S, which is known as the largest consumer driven marketplace for Car Sales in the North American region. It allows buyers to do what they can on sites such as EBay, but as a specialty for cars. Price ranges, certain models and year makes are just some of the specifics to search for and the ease of use offered by the site gives consumers even more motivation to use the website for their car shopping. The PayPal method is used and a location finder for easy and convenient sales is some marketing ploys the website relies on.

There is a different business philosophy between my hometown China and United States, for example, eBay in U.S and Taobao in China. EBay is the only western counterpart that compares to Taobao. Although EBay has local site in China too, its inability to adapt to Chinese local needs led to its failure, and now exists as a business portal, rather than the C2C powerhouse it is overseas.

The other important difference between China and United States is business relations.  When doing business in China, be prepared for much socializing.  Business becomes secondary as the parties get to know each better.  If it delays a contract, that is perfectly acceptable as long as the correct social time is allotted for.  In America, business associates are usually more aloof.  There might be some social gathering but the business is more important and the socializing will be sacrificed to get the job done if needed.  Though there seems to be shift in America regarding this.  The recognition of networking is becoming more pronounced.

How eBay lost the China market

Published: 09 Aug 2009 20:02:01 PST

By Sherman So and J. Christopher Westland
Editor’s note:
This article has been adapted from Red Wired: China’s Internet Revolution co-authored by Sherman So and J. Christopher Westland. The to-be-published book is aimed at helping readers gain a firsthand understanding of how the Chinese combined successful components from their Western counterparts with innovation, to accommodate the unique characteristics of the Chinese market.
Many believe Taobao beat global online auction king eBay in China by being free, but not EachNet founder Bo Shao who sold the company to eBay in July 2003. A key catalyst was “migration”, the decision to terminate EachNet’s homegrown technology platform and move all EachNet users to the eBay US platform, said Shao.
On the day of the migration, traffic to eBay China dropped by half. Despite the serious customer losses, Meg Whitman, then CEO of eBay, only learned about it a month after it occurred, on a visit to Shanghai.
Whitman was shocked and very upset. Apparently, even the head of eBay International at the time, who was one of the most ardent proponents of migration, did not tell Whitman about it.

By 2003, eBay’s global expansion plan had reached China. It completed its acquisition of the country’s dominant auction player, EachNet, for $180 million in July 2003. EachNet at the time had more than 2 million users and about 85 percent of the market.
EachNet’s market dominance was so strong that Shao started charging listing and transaction fees in 2001, despite the existence of free competing sites. He believed that as long as the site had the most buyers and made money for sellers, the sellers would be willing to pay. According to Shao, fees did not affect user loyalty; in fact, EachNet’s dominance increased after it started charging.
After the acquisition, Shao retired from daily operations of eBay China and moved to the US in late 2003 with his family. eBay sent in a number of expatriates from Germany, the US, Korea, and Taiwan to run the China division and hired a number of senior executives from other multinational corporations in China.
The company thought everything would be fine. After all, EachNet, now eBay China had an overwhelmingly dominant position and it planned to spend an extra $100 million to improve its technology platform and promote eBay’s brand in China. Any new competitors would be easy to crush.
However, nothing went according to plan. A new rival came out of nowhere and eBay retreated from China four years later.
Rise of Taobao
After Alibaba started making profits on its main B2B site, its founder Jack Ma took aim at the potentially much bigger C2C (consumer-to-consumer) market. Ma gathered a small team working in secret. By May 2003, the website Taobao, which means “looking for treasure” in Chinese, was launched.
While eBay was busy consolidating EachNet into its global operation, Alibaba was plugging Taobao as a new online shopping destination. And unlike its American-owned competitor, Taobao was free!
But levying listing fees and transaction fees was not the only reason eBay lost its dominance to Taobao, said EachNet co-founder Shao, who, after selling the company to eBay in July 2003, stayed on as a consultant for over a year.
“At first, even with Taobao making a lot of noise, our users and traffic did not change much,” said Shao.
Despite having to pay fees, the larger user base of eBay China was more than enough to keep sellers coming. Similarly, most buyers stayed on, as there were more sellers and products offered.
In fact, latecomers seldom posed a serious threat to the dominant online auction player. They might capture some market share, but rarely a big chunk. Latecomer Yahoo’s free auction service in the US had scarcely any effect on eBay’s market dominance.
What really caused eBay to lose its dominance in China was its decision to move its technology platform from China to the US, said Shao.
Internally, it was called “migration”, which was the project to terminate EachNet’s homegrown technology platform and move all EachNet users to the eBay US platform in October 2004.
Whitman, then CEO of eBay, had a vision – she wanted all eBay users, wherever they were, to be able to trade with each other. For example, users in the US could be able to see products offered by users in China and bid for them.
To implement her global vision, eBay’s technology platforms in different countries had to be moved to the headquarters, consolidated and put under the control of the company’s chief technology officer.
The former EachNet management supported the vision, according to Shao, but felt that it was premature to migrate EachNet users to the US platform, which was not yet flexible enough to accommodate the China-specific features that EachNet needed to compete in China. EachNet’s technology team was also concerned about transmission speed issues across the Pacific. Such concerns, however, were downplayed during the eBay technology team’s presentation to Whitman.

The beginning of the end
“On the day of the move, traffic (of eBay China) dropped by half,” recalled Shao.
What had been information flow within China now became traffic across borders and across the Pacific Ocean. However, the Internet infrastructure between China and the US was not very good. The loading speed of eBay China’s webpage, one of the most important user issues, slowed dramatically.
What’s more, the Chinese government by then had built its “great firewall” to block any traffic of which it disapproved. The censorship was quite tight – anything that looked suspicious would be blocked and the foreign computer server that processed the problematic information would be banned for anywhere between 24 hours to several days.
The slow and unstable services frustrated users and caused them to leave eBay China in droves. The presence of Taobao as a better alternative, further sped up its popularity.
But, the news did not get to Whitman until a month later, said Shao. The head of eBay International at the time was a major proponent of migration and did not tell her about the crisis. It was only when she visited China with Shao and met with the local team that she learned the truth.
Whitman cared a great deal about China and treated eBay China as a strategic priority. Shao recalled that Whitman was shocked and upset when she found out about the problems.
Moreover, the move of the technology platform brought the development of eBay China to a screeching halt.
“In order for the eBay US platform to catch up to EachNet’s China-specific features, development on the site was frozen for a year before the platform was moved,” said Shao. For an entire year beginning in October 2003, EachNet could not develop any new features or make significant changes to existing features.
After the move, the local team lost most of its control on the site. “It took nine months to implement any major changes and nine weeks to even change a word on the website as everything had to go through the headquarters technology development team,” said Shao.
“This is unthinkable,” said Shao. “Fast reaction to user demands is crucial in this market.”
eBay’s downfall
Taobao, meanwhile, was quickly adding new features and making its design more and more appealing to the Chinese users. It added an online chat function that allowed buyers and sellers to communicate virtually before trading. It implemented an online payment solution called Alipay. It made its page design more feminine to appeal to a growing number of female users.
Slow and unstable services and a lack of updates caused eBay China to lose users fast. Three months after the platform moved, eBay China’s market share had dropped to the almost the same level as Taobao, said Shao.
“After that, there was no more reason for users to stay (with eBay China),” said Shao. eBay China had fewer users and worse services than Taobao, and it charged people too.
Six months after the move, Taobao turned the tables on eBay China, capturing 60 percent of the market while its rival languished at 30 percent.
eBay significantly cut its prices to try to compete, and in late 2005 it stopped charging altogether, but it was too little too late. Its market share dropped from 85 percent when it purchased EachNet in 2003 to about 30 percent in late 2005.
By the fall of 2005, although eBay still had more registered users, Taobao had 57 percent of the market transaction volume to eBay’s 34 percent, according to Beijing market research firm Analysys International.
After investing nearly $300 million ($180 million for acquiring Eachnet and $100 million as extra budget for its China push), eBay all but threw in the towel. It folded its China operation into a joint venture with Tom Online, a leading mobile value-added services provider in China at the end of 2006.
Tom Online could not turn the situation around, either. eBay’s market share had shrunk to 7 percent by the second quarter of 2007, while Taobao held 82 percent of the market, according to Analysys International.

Chart: Market share of C2C market (2008)

Source: Analysys International
Note: by transaction volume
Chart: Gross trading volume of China online shopping market (2004-2011)

Source: iResearch

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Redang Island, best choice to travel to malaysia

This time I'm going to write about Redang Island, or in Malay, we called it Pulau Redang. Redang is rated as one of the most beautiful island in the world! Wow, Malaysia has got great place to visit. This beautifully beautiful island is located 45km off coast from Kuala Terengganu. Once you are in the jetty of Kuala Terrengganu, a boat trip of approximately 45minutes will be required to get there.

Look, this is the beautiful beach of Redang Island, this beach is called Redang Long Beach. I have been there personally. And I can explain how fun the trip was, how amazing the scenery there. Redang is indeed a nice place for you and family to have fun together, relax from the rushing life of city. The first thing you will agree with me if you are there is the beautiful beach of Redang Island.

Look at the sand of Redang Long Beach. Its sandy white, and the water there is crystal clear. You can even see baby shark when you swim in the sea, of course, the baby shark here is not dangerous. I'm not sure why, maybe the species here in Malaysia is not that wild. LOL. You can go there and experience yourself. And trust me, when you swim in the sea side of Redang Island, you definitely can see baby shark, Nemo (clown fish), and many other marine life. If you got no fate and can't meet with these fishes, simply ask the beach boys (tour guides there) to catch one for you!

The above picture show you how relaxing the situation there is. Imagine that you're there and laying on one of the benches there. Feel the breeze of the sea wind, the sunshine of the sun. What a perfect life will be.

Don't worry, this is just the introduction to Redang Island. More will be talk. Frankly, there are so many places of interest in Malaysia, Redang is one of my favourite. I myself have to admit the beautiful beach and the crystal clear water there. So what are the activities there in Redang Island? Diving, snorkelling, swimming (for sure), volleyball (famous sport there), cannoning, and a lot more, and, fishing is not allowed! All the marine life there is protected by law, you can be fine if you snatch one back home.

This is the More More Tea Inn, if you are Chinese, then you should know who Richie Ren and Sammy Cheng Are. They are Hong Kong and Taiwan pop stars, and together they had filmed a movie in Redang Island. And More More Tea Inn is where they stayed. You definitely have to visit More More Tea Inn if you went to Redang. Its so famous that I believe your beach boys will bring you there. If you're lucky, you can listen someone there singing Richie Ren's song about Redang Island, nice!

Looks like I'm going to talk all day, and the introduction is getting longer. I should stop here and back for more, so don't worry. Below are photos taken by me myself, not very clear, cause I'm not a pro and not using a great camera.

Taken on boat, arriving at Redang Long Beach

The Redang Long Beach

Laguna Resort and More More Tea Inn (far away)

Beautiful Redang Long Beach

DOTA 2 IS COMING

You guys might be curious on the release date of the most anticipated sequel to the ever popular multiplayer mod, Defense of the Ancients or widely known as DotA. The standalone Warcraft III custom map do received quite a lot of attention last year due to the announcement of Dota 2 from Valve Corporation. The sequel’s going to become Valve’s second release of the year 2011 after Portal 2 which i assumed has burned your tiny pocket last month. I don’t blame you though.

If we’re going to say words on DotA 2, there will be a lot of them. New game mechanics, a much better graphics rather than the cartoony looks of the current DotA have (mind you, they will use a new game engine on this one), and also new characters, Bloodseeker, Morphling to name a few. So, it’s pretty understandable if you guys are wetting yourself out in the process waiting for this huge release from Valve. I’m sure not just you, but approximately other 20 millions of people all over the world (which the numbers Valve has claimed to IGN) who has been playing DotA wanting to give their shot on DotA 2. That’s a big number, no?
Anyway, that’s come to the point of this article. Does Valve’s DotA 2 has a release date yet in mind? Well, there is no clear indication that leads to any substantial facts, but we know that DotA 2 will be release on the fourth quarter of this year 2011. That’s anywhere between July to September, or maybe at a later date, we’ll never know what Valve has in the cards considering their previous history. For what it’s worth, i hope you guys are enjoying your time playing DotA as well as eagerly waiting for DotA 2. Have fun gaming

wow!! see

Call of duty all games, wait for 8

Call of Duty is probally on of the most popular games in this time. The games from Call of Duty are first person shooter video games.
When the series began, it was only available for the PC. Now it is also playable on the Playstation and Xbox.
The majority of the games of Call of Duty are in the World War II, with exceptions for: Call of Duty Modern Warfare and Call of Duty Modern Warfare, which are set in the modern time, and Call of Duty Black Ops, which is set in the Cold War time.
The Call of Duty games are owned by Activision, and have been developed by Infinity Ward and Treyarch. Other products which are released incluse action figures, which are developed and designed by Plan-B Toys, and a card game has been released by Upper Deck. There also is a comic book released, developed and published by WildStorm.

The Main Series:

Call of Duty:
Call of Duty is a video games based on the World War II. And was released on the 29th of October in 2003, by Infinity Ward and Activision. Call of Duty was completed after the expansion pack was released (in September 2004), Call of Duty United Offensive. This expansion pack was again released from Activision, but was developed by Gray Matter Interactive with contributions from Pi Studios, instead of Infinity Ward.
The game follows the American paratroopers, British paratroopers and the Red army.
Call Of Duty 2:
Call of Duty 2 is the follower for the succesfull Call of Duty. This game was developed by Infinity Ward and released by Activision. The set of the game is again in the World War II and you are experiencing this through the army of: Red Army, British Army or the United States of American Army. The game was released on October, 25 in 2005 for the PC, on June 13, in 2006 for the Mac OS X and November 15, in 2005 for the Xbox 360. Other versions were made for mobile phones and Smartphones.
Call of Duty 3:
Call of Duty 3 is again based on the World War II and the third game in the Call of Duty game series. It was released on November 7, in 2006, the game was developed by Treyarch, and was the first major game fro Call of Duty which was not developed by Infinity Ward. It was released on the PlayStation 2, PlayStation 3, Wii, Xbox, and Xbox 360 (NOT on the PC). Call of Duty 3 is based on the American, Canadian, British, French Resistance and Polish armies after D-day in the Falaise Gap.
Call of Duty 4 Modern Warfare:
Call of Duty 4 Modern Warfare is the fourth game of the Call of Duty serie, and was developed by Infinity Ward. It is the first game in the serie which doesn’t takes place in the World War II. And is was the first Call of Duty game which was given a Mature rating from the ESRB (except for the Nintendo DS version, which was rated for Teens). The game was released for PC (Microsoft only), Nintendo DS, PlayStation 3, and Xbox 360 on November 7, in 2007. Verions for the Mac OS X were released by Aspyr in September 2008. In May 2009, Call of Duty 4 Modern Warfare has  been sold for over 13 million copies!!
Call of Duty 5 World at War:Call of Duty 5 World at War was developed by Treyarch and is the 5th game of the COD serie, and is played in the WW II. Call of Duty 5 World at War was released for the PS3, PC, Xbox 360, Wii and the Nintendo DS. In June 2009, Call of Duty 5 World at War has sold over 11 million copies!!
Call of Duty 6 Modern Warfare 2:
Call of Duty Modern Warfare 2 is the 6th game in the Call of Duty (COD) serie, and is the successor of Call of Duty 4 Modern Warfare. The game was released worldwide on November 10, 2009 for the PS3, Xbox 360 and PC (Microsoft). The Nintendo DS version, which was called Call of Duty: Modern Warfare: Mobilized, was released with the game Call of Duty 4 Modern Warfare for the Wii
Call of Duty 7 Black Ops:Call of Duty Black Ops was released in November 2010. It is the seventh game in the serie, and the first which takes place in the Cold War era, and a bit of the Vietnam War. It is available for the PC, Xbox 360, PS3, Wii and the Nintendo DS.
Call of Duty 8 Modern Warfare 3:Call of Duty 8 Modern Warfare 3 is an upcomming game of the Call of Duty series. The game will be developed by two companies.
For the single player it will be developed by Sledgehammer Games and for the Multiplayer it will be developed by Raven Software.
Sledgehammer is aiming for a “bug free” first outcome in the Call of Duty series, which also sets a goal for Metacritic review scores above 95%
This are the Call of Duty games so far. In the future we are expecting even more of them!

Movie day

Last week boss boaz said we are too tired for study,  so when i got free time, i called my friends which is kevin and boss boaz to go to cinema...

We watched two movies coz that's just how we rollll.

link
THOR

This movie is awesome, okey, i mean the man.
 but boaz think he is better..




FAST FIVE

I love this movie!!! This one is definitely worth watching! If I have to choose between Fast Five and Thor to watch ONE MORE TIME, I'd choose this! It's Dwayne Johnson and Vin Diesel!! How can you say no to these guys?!


Two big man fight! so nice, haha!