Chapter 58 Two horses contend for a trough

In the United States, the total turnover of e-commerce in 2008 reached 100 billion U.S. dollars, accounting for 6% of the total retail industry. In South Korea, its sales also reached 20 billion U.S. dollars, accounting for 12% of the total retail industry. But in China , its sales accounted for only 0.6% of the retail industry. This is obviously an underground treasure trove full of treasures. In the past ten years, the Internet, like any other business, has had people come and people go.Jack Ma is here, Ma Huateng is here, and Robin Li is here too.Analysts at Morgan Stanley believe that C2C, like search, is a life-changing demand.In China, it appears as an unprofitable black hole, but as long as it is the basic demand of the Internet, there must be huge space in the future.

How far is the future of profitability? Ma Huateng only regards Tencent's "Paipai" as a future development direction, and Robin Li's Baidu is also a newcomer in the C2C field.Newcomers usually appear in a provocative posture, setting off a new round of wars and eating away at competitors' market shares. The stories of each newcomer are surprisingly similar at the beginning, but the result is also unknown.