Alibaba boasted of offering e-commerce services for over 10,000 companies on its site. Online shopping also got specialized. A few others focusing on PCs and computer stuff made their debut. In the meantime, China s IT heavyweights such as Legend Group, Stone Group and Founder Group lost no time unfolding their e-business solutions. Moreover, most debit cards are for local use only.
Online payment is defined differently in China than elsewhere.
CA is a big headache. Apart from security concerns, China has not yet established a financial data system through which corporate or individual credit can be verified regardless of geographical location. Without an efficient CA system, it is very risky for any one, business or individual, to conduct transactions online. Delivery issues never attracted much attention until online shopping was made available. According to some analysts, it is not an exaggeration to say that there is not a single professional distributor in the entire nation who can handle nationwide product delivery in a timely manner.