What are the advantages and disadvantages of e-commerce compared with traditional business models?

The development of e-commerce enables online shopping to span spatial dimensions and save time.

1. The development of e-commerce enables online shopping to transcend spatial dimensions and save time. The sharing of network resources and the reduction of intermediate links, as well as the need to spend a lot of investment in stores, etc., make the cost of enterprises much lower than that of the real economy, so the price is also cheaper.

2. Nowadays, the Internet is more and more commonly used by white-collar workers, college students, etc., and online shopping is becoming a trend. Nowadays, these people either don’t have time to go shopping or they like to chase new things. They can DIY online. Services are becoming more and more user-friendly.

3. The rapid development of China’s online shopping is due to the rapid popularization of the Internet. The use of credit cards, etc. has provided good conditions for the faster and stronger development of e-commerce.

4. However, China does not yet have a very complete e-commerce law, and security issues are very prominent. Consumption insecurity is a fatal factor restricting the development of e-commerce. Issues such as the security of credit card information, data transmission security, and personal privacy all hinder the development of e-commerce.

5. Chinese people are bound by traditional ideas and have concerns about online shopping. The traditional concept of seeing is believing limits people’s enthusiasm for online shopping. Ideological constraints include concerns about not being able to see the entity of the transaction, one's own privacy, credit card information, virtual transaction environment, etc.

6. Lack of professional talents. The competition in the 21st century is the competition of talents. China's e-commerce industry reflects the inefficiency of talent training in colleges and universities, the lack of confidence in professional talents, and the lack of high-quality talents in enterprises. As a relatively new industry, e-commerce is relatively short of professional talents.