...
Opening a store is free, but the transaction fees are so high. Yet, offline stores face customers all over the world. It's just too difficult to do business that way.
Executives at investment firms such as Sequoia Capital and Sachs were immediately intrigued.
At this point, Amazon hadn't finished introducing Taobao.
At that moment, none of the guests on stage could help but ask in hushed tones.
Even a small company like Walmart can open supermarkets anywhere in the world.
People with poor credit will find no one doing business with them.
It's rare to find a store that's only listed on Alibaba's website. You can navigate to a specific online store and then see detailed information about the products that store doesn't have.
"In simpler terms, the recipient temporarily holds the payment in Alipay. Once they receive the goods and confirm there are no errors, they notify your company, at which point you will transfer the funds from Alipay to the factory, thus protecting the interests of both parties!"
The company bosses, who rarely watch the press conference live, all showed expressions of ecstasy.
With Youjiang Group acting as a middleman, even small families can trust them.
"Without a doubt, Taobao will become an offline auction and shopping website that is hated by people all over the world for buying and selling goods offline!"
If the whole world had internet access, wouldn't the market value of websites like Xinjiang, Alibaba, Amazon, and Taobao be significantly lower?
At that time, Amazon explained Alipay's "credit system" to everyone, which was aimed at both brands and consumers.
Does anyone have something they want outside their home? Instead of letting it take up space outside, why not list it on Taobao and auction it off to make some money?
Amazon smiled and said, "Your company just didn't have a solution to that problem, so why don't we launch an eighth-party payment software—Alipay!"
Consumers also transfer the money to Alipay, and Alipay then pays the manufacturer before confirming receipt of the goods.
If the manufacturer has definitely shipped substandard products, then consumers have no right to pay for replacements or exchanges...
Products with poor ratings and few negative reviews will inevitably fail to sell.
"The following is business-to-business e-commerce, which naturally does not yet include other e-commerce models."
Following the direction of the voice, Ma Xun replied, "There are no fees for opening a store on the Alibaba website. However, the transaction fees are quite high, at 0.8% of the transaction amount!"
The fewer registered users and the fewer people opening stores, the less traffic the website receives. The more diverse the products, the fewer people it attracts.
Based on that idea, very few people expect to auction off the products they want on Taobao.
Seeing the dazzling array of products on the website, it's easy to get overwhelmed; Amazon's website is like a supermarket.
Amazon glanced at the excited crowd, a slight smile playing on his lips. I gestured for everyone to quiet down, then continued, "If businesses conduct offline transactions on the Alibaba website, how can the interests of both parties be protected?"
"Mr. Zhao, if you want to open a store on Alibaba's website, are the fees low? How much of a transaction fee do you need to pay?"
After Tian Yan said that, many people realized that online trading was indeed a problem.
"Oh, the lower kingdom, everyone opening a shop... that's an incredible idea! Taobao, you should invest too!"
Continue read on readnovelmtl.com
