Zhang Chaoyang: insufficient e-commerce development in China

Yesterday's main topic was "China and the Internet", but there were several important figures in the Internet industry. This was enough to show that Internet companies attached great importance to the Chinese market.
Zhang Chaoyang, who likes to show up, still maintains his style. He said yesterday that the biggest disadvantage of Internet development in China today is the lack of e-commerce development, the reason is largely related to the reluctance of Chinese people to use credit cards. On the other hand, in China, most people learn information through the Internet, but few do business through the Internet, which is very different from the United States.
Peter Norton, chairman of one of the spokesman's EChina Cash companies, agreed with Zhang Chaoyang that China's low E-commerce volume is the key to China's Internet development. "One interesting thing is that 30-35% of a portal website's revenue comes from advertising, while others are all from wireless value-added services. "It seems difficult to understand this reality.
However, Yahoo and eBay, the two Internet companies, have expressed their confidence and attention in the Chinese market. Yahoo CEO Terry Samuel believes that China's Internet market will be more active and Yahoo will be actively involved in this market.