It seems like the e-business in China is booming like crazy. Todays lecture with professor Zheng Qi gave us some in depth information about China's booming online markets. It's fantastic to see that China isn't just all cheap knock offs and poorly produced Mcdonalds toys. The online market here can actually be quote honest and even better than the US online market.
Let me give you two examples. The notion of online stores that sell just about anything in the US is dominated by two large websites, Ebay and Amazon. The interesting thing about both is that neither of them boast a 100% satisfaction and quality guarantee. There are so many scams on Ebay and Amazon works a little better because it's not an auction site, but still does not boast the 100% guarantee. In class we learned about China's 360buy.com online site which actually boasts it's 100% quality and satisfaction. Now tell me which American site offers that?
I hope that gives a bit of a spin on the cheaply made Chinese products. To top it off, 360buy offers highly competitive prices. Many times they are 1/4 the price of other websites. How's that for customer satisfaction? Cheaper prices, high quality products AND customer satisfaction!
Time for some funny faces!
BLEHHHHHH!! (Ok this one was a joke..)