Todays class we learned about e commerce. I didn't realize how big of a market there is for e commerce here in China and some of the statistics were crazy. They have Amazon over here but 360buy.com which has about 36.5 percent market share is the leader. They are in talks to launch their IPO later this year and could total 5 billion dollars!
Our field trip today was to Sea Gull watch company. We had to dress up and whn we got there i know why, it was definitely a first class organization and they actually had some CLEAN NON SMELLING bathrooms!!!!!!!!(The new way my western self judges a company) The bathroom also had showers in it which I though was weird since it was on the main floor of the museum and show room and I dont know who would be taking a shower in there (but you know what they say when in China, Find a clean bathroom take a shower in it)
The watches were very nice and we later found out that the factory we were at was the main supplier of Fossil watches. One more thing our tour guide said was that there are over 300 parts inside the watch. We saw some of them on display and it is crazy how small they all are. Once I become an old man and get a big boy job I will definitely be buying my self a Sea Gull watch because of this trip.
Im going to start a little section below what I blog to put the side notes that I made during class and other things that I notices while cruising around town..
-The average chinese person spends 18.3 hours on the internet a week and i would like to compare that to the U.S.
-When they pay with cards here in China they have a password key that they need to type in as a security control.
-Saw the 4th gas station of the trip (Yes you read right I have only seen 4 gas stations since I have been to China)