eneral speaking, High-Technology boosted the development of worldeconomy into a further level and provided tremendous business opportunitiesacross the world. It is necessary to analyze the technological Invocationassociated with business operation in the different aspect that cans positivesaffect companies’ growth before investing capital in the foreign market. Obliviously, Technological factors affect thecustomer purchasing power, and their consuming attitudes eventually lead thedirection to the future economic growth. Therefore, it is wise to determine the all external factor based on atechnological environment that can increase the product sales of foreigncompanies in the target country. Especially in China, the advanced networktechnique development results in internet connectivity find broad applicationin reality.
Apparently, The widespreaduse of internet give rise to the golden period of development in E-commerce,with the evidence support “The statistics speak for themselves; online retailsales in China reached 5.16 trillion yuan ($752 billion) in 2016, representinga 26.2% growth from 2015—more than double the growth rate of overall retailsales according to China’s National Bureau of Statistics. The incrediblee-commerce growth in China is being driven by third and fourth tier cities, andfor the first time, these cities have surpassed first and second-tier cities.China’s GDP has been increasing by 7% year on the year leading to rising levelsof wealth in smaller third and fourth tier cities. Additionally, these citiesdo not have the physical infrastructure for high-street stores so rely moreheavily on e-retail. Alibaba, China’s e-commerce giant, is also to thank withtheir investment in delivery infrastructure across the nation facilitatinggreater access to rural and smaller urban areas.
(Posted by Benji July 13,2017, E-COMMERCE IN CHINA)”. It seems that online shopping is becoming the newconsumption trends due to the following reasons Combine the lower cost and highCP value (price-performance ratio), saved time, fuel and energy for acustomer. To be more precise, E-commercecontains substantial potential business opportunities in China since theinternet access is vigorously popularized in the domestic area. The different e-commerce transaction platformmainly focuses on the different types of goods, whether the commodity,electronic product or luxury clothing, it provides more options for goods aftercustomer compared with prices and quality of the product.
Furthermore, Taobao as the most populare-commerce trading platform allowed any types of the business organizationselling their products, including the franchise enterprise, private owner, andflagship store. Besides, TaoBao is alsoencouraging the international operation selling their products to differentplace in China accepted the megalopolis. The most common payment method in China is using digital paymentassociated with a mobile application, computer software, POS machine andelectronic transfer payment. Unfortunately, China has the low credit card penetration despite thefact that some Chinese customer starts to accept the credit card as a way topay the bill.
As a result, Foreign companies like David’s tea should considerco-operating with the popular social media application that has tremendouscustomer group to promote their product sales. However, it is precise to saythat China is a wise choice to develop new business opportunities for foreigncompanies, with the vast market potential and market