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e-CHAMBER                                                                 September 2000 Issue

the bulletin

HK firms slow to embrace e-commerce

tradeeasy.jpg (11084 bytes)tradeeasy2.jpg (12203 bytes)Hong Kong companies lag behind their counterparts in other countries when it comes to using the Internet for business, Danny Yip (above, right), CEO of Tradeeasy told the audience at the Chamber's Aug. 17 roundtable luncheon.

"People are still sceptical about e-commerce, because all the hype said that we would basically have e-commerce overnight, but it is going to take longer than that," he said.

Tradeeasy, an application service provider (ASP) which can provide total solutions tailored to companies' needs, has found that although some businesses are willing to promote, source and order online, when it comes to the final stages of the deal, they still like to use the traditional paper-based forms, he said.

Jeremy Tang (above, left), CEO of Rebound International, also speaking at the luncheon, said building digital trust is very important for companies to believe in doing business electronically. Equally important when dealing with SMEs is the service of providing end-to-end solutions.

Rebound is a business-to-business excess inventory clearing house which allows traders to clear their surplus inventory.

"The inventory liquidation business is an established, highly profitable and rapidly growing industry in North America but has yet to take off in Asia," he said. B

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