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History and Evolution of E-commerce

Monday, June 9, 2008

E-commerce is basically the processes that are put in to place to support a company's business activity on the web or via other electronic means. It simply means that buying and selling things through internet.

History of E-Commerce also provides with important details about how Electronic Commerce began to be used as a popular online mean of economic exchange. Electronic Commerce refers to the online transaction of goods.

In year 1984, EDI, or electronic data interchange, was standardized through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably. In year 1995, the most two biggest companies that launched in e-commerce: Amazon.com and eBay.com. in year 1999, retail spending over the internet business reaches $20 billion and it is continue to grow!

The E-commerce evolved all thanks to the internet. Over the past few years, online business has been raised dramatically. People are now no longer going out shopping just to buy their desired things but through online, they can buy the things their wanted. Sites such as Amazon and eBay, is where people can shopping on the internet.

It is an important to have this knowledge that helps to understand Internet History better.

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posted by Michael Hoo, 4:55 AM

1 Comments:

Thx dude for your information. It seems like Amazon.com and eBay.com are going to conquer the market and there will be no more Carrefour and Giant soon. haha.
commented by Blogger BlacKnBluE, June 9, 2008 at 5:29 AM  

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