The Competition of E-Commerce of It Industry in China

My dream job is working with both information technology (IT) and business administration. My undergraduate major is electrical engineering, and I’m also interested in financial activities so I’m pursuing financial engineering major during my graduation. As a result, I think IT consultant is an ideal job for me.

First, I have to gain a clear idea of IT consultants’ responsibility. I have consulted some skilled persons who have been worked as IT consultants for several years about what IT consultants really do. They told me that usually there are four types of IT consultants, which are classified in accordance with their responsibility. Briefly, I can work as a pure technical engineer, a customer server who finds out what the customers’ demand and translates it into “IT language” to technical engineers, or a strategy consultant who assists the clients with the developing direction of their business relating to IT. So I think the third one is my dream job because it need both IT education background and more importantly financial analyzing ability.

Considering IT industry is very huge and complex, it is hard to comprehensively analyze the whole industry even for one country, like China. I noticed this year China’s E-commerce, which is one important part of IT industry, has so many news, which means E-commerce in China is facing big problems and experiencing revolution nowadays. In this article, I will focus on the E-commerce industry in China.

E-commerce, which is a new concept for traditional business model, means buying and selling product and service through Internet or computer networks. A complete E-commerce chain includes electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems. In accordance with the provider and accepter, we classify E-commerce into 4 types[1]: B2B (business-to-business), C2C (customer-to-customer), B2C (business-to-customer), O2O (online-to-offline). In the past 40 years, E-commerce has experienced several revolutions[1]. From 1970s, the initial E-commerce just meant emailing some business documents between sellers and buyers. But because of the development of information and communication technology, more and more convenience and security of Internet exchange led E-commerce to be a new business model. As China’s E-commerce Research Center reported[2] in 2012 that China’s E-commerce market was always increasing from 1997, especially from 2004 to 2007, the market size doubled. What’s more, the amount of B2C and C2C companies enlarges from 4,850 to 24,500 in the past 6 years with increasing rate of 70%. We can see the huge business demand for E-commerce industry. Because of the huge market