E-commerce

0
39K

E-commerce is an area of the digital economy that includes all financial and trade transactions carried out using computer networks, and the business processes associated with such transactions.

E-commerce includes:

Electronic Data Interchange (EDI),
Electronic Funds Transfer (EFT),
e-commerce,
electronic money (e-cash),
e-marketing,
electronic banking (e-banking),
electronic insurance services (e-insurance).

The first systems and methods of e-commerce are due to the emergence of sales automation technologies and the introduction of automated corporate resource management systems.

In 1960, the American companies American Airlines and IBM began to create a system for automating the procedure for reserving seats for flights. The SABRE (Semi-Automatic Business Research Environment) system has made air travel more accessible to ordinary passengers, helping them navigate fares and flights, the number of which is constantly growing. Due to the automation of the process of calculating tariffs when reserving seats, the cost of services has decreased, passenger transportation has increased. The joint project between American Airlines and IBM is one of the first examples of e-commerce.

In 1971, students at Stanford University and the Massachusetts Institute of Technology, using the Stanford Artificial Intelligence Laboratory's ARPANET computer network (the forerunner of the Internet), organized the sale of marijuana. Later, these transactions began to be considered the first online transactions, the beginning of e-commerce.

In 1979, Michael Aldrich demonstrated the first online shopping system.

In 1981, Thomson Holidays UK was created, the first online shopping system for businesses. 

In 1982, the French Minitel system was introduced by France Télécom throughout the country and was used for online ordering.

In 1983, the California State Legislature holds its first "e-commerce" hearing in Vulcan, California. 

In 1995, Jeff Bezos launched Amazon.com and began broadcasting the first 24-hour ad-free radio stations, Radio HK and NetRadio. In the same year, programmer Pierre Omidyar created eBay (as AuctionWeb). After 4 years, Alibaba Group was founded in China. Business.com was sold to eCompanies for US$7.5 million, which was acquired in 1997 for US$149,2001. Napster's peer-to-peer file-sharing program is launched. ATG Stores has opened the sale of decorative items for the home on the Internet. In December, Alibaba.com achieved profitability.

In 2002, eBay acquired PayPal for $1.5 billion.

In 2003, Amazon.com publishes its first annual profit.

In 2004, DHgate.com, China's first b2b online transaction platform, emerged as an incentive for other b2b platforms to move away from the yellow pages model.

In 2007, Business.com acquired by R.H. Donnelley for $345 million.

In 2015, Amazon.com accounted for more than half of all ecommerce growth, selling nearly 500 million SKUs in the United States.

In 2017: E-commerce retail sales worldwide reached $2.304 trillion, up 24.8% year-on-year.

Site içinde arama yapın
Kategoriler
Read More
Business
How Did They Handle Failure or Setbacks?
No leader rises to prominence without encountering obstacles. In fact, the way a leader handles...
By Dacey Rankins 2025-06-27 16:39:25 0 7K
Economics
How Do Global Events Affect Economic Conditions?
How Do Global Events Affect Economic Conditions? Economic conditions do not exist in isolation....
By Leonard Pokrovski 2026-04-04 09:27:46 0 1K
Marketing and Advertising
How Far in Advance Should I Submit a Newspaper Ad?
Timing is one of the most overlooked factors in newspaper advertising. Many advertisers focus on...
By Dacey Rankins 2026-01-27 19:43:05 0 864
Human Resources
How Does Offshoring Work?
In the globalized and digitally connected economy, businesses are no longer limited by geographic...
By Dacey Rankins 2026-03-27 18:00:13 0 2K
Home
How to Make Your Home Cozier, Designer's Tips
How to Make Your Home Cozier, Designer's Tips Cozy home design is an interior decoration...
By Leonard Pokrovski 2024-04-24 16:07:48 0 18K

BigMoney.VIP Powered by Hosting Pokrov