It’s not surprised to see that eBay has agreed to partner with a Chinese firm to expand its occupation of Chinese Internet market. Because of the large potential of Chinese Internet market, foreign internet-related companies have been trying their best to occupy some part of Chinese markets for years.
China, as the largest developed country, has rapidly increasing number of Internet users nowadays. Internet has already been a necessity for people living in urban areas of China. They use it for not only communication with friends and getting lately updated information but also consuming goods. And with the increasing amount of people living in rural areas starting to explore Internet, more foreign firms begins to target this amazing market for development which have huge potential.
Just few days ago, the biggest online marketplace in China, Taobao, has announced that they have made 19.1 billion Yuan trade in one day on September 11st. That astonishing statistics signals all the firms across the world that Chinese internet market would be the choice to make if they want to make larger profit.
And why does China own such a great potential to grow? That’s large amount of population, greater amount of wealth accumulation, growing sense of happiness of Chinese people, large economic growth, low-cost labour force and the huge amount of people that have not started to use Internet make this happen. And that’s why so many international companies or banks have been making effort to explore their markets in China.
Reference: http://www.bbc.co.uk/news/business-20307571
Cloud services are no longer viewed as a simple (albeit nearly limitless) storage venue where you can keep a large amount of data. Providers have transformed their platforms into multi-functional solutions that provide a wide range of services in addition to the traditional databank. This also applies to Azure.
Since its inception as Windows Azure a decade ago, the platform has undergone a number of transformations to become a full-fledged cloud ecosystem. It now includes over 200 tools and services, such as the serverless function, platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS). A strong portfolio accounts for the owner’s consistent growth in revenue from cloud computing services. Visit https://exbsoft.com/insight/azure-infrastructure-managment for more details.
Despite the ever-expanding range of available options, IaaS remains the most popular among users. This sector’s global revenue exceeds $114 billion in 2022 and is expected to reach $315 billion in five years, representing a spectacular CAGR of more than 22%. Azure, which provides servers, networks, storage, and virtualization to private and corporate clients, is certain to claim a sizable slice of this massive revenue pie.
In conclusion, eBay’s new partnership marks a strategic move towards unlocking the vast potential of the Chinese e-commerce market. By fostering collaboration and innovation, eBay is poised to drive growth, enhance consumer experiences, and solidify its position as a global e-commerce leader.