Coal Related E-commerce Innovation And Entrepreneurship

With the formulation of national strategy of “Internet plus”,vertical e-commerce has become the mainstream,which is represented by zhaogang.com(Series E round financed RMB 1.1billion,valuation amounts to around RMB1 billion),zhaosuliao.com(financed over RMB100 million,valuation amounts to several RMB100 million),51 zhaoyou.com,zhaomuwang.cn,51 zhaomei.com.Recent years,factors such as the downward trend in commodity industry and low prices have put pressure on dealers,thus the needs of supply chain financing have been on the rise.Since 2013,the coal industry has been in an unusually difficult situation because of the change of energy structure and the slowdown of the Chinese economy.Now it is urgent that the fine management and transformation of coal enterprises be implemented since the industry faces severe overcapacity and many coal related enterprises suffer huge losses.The platform of “51zhaomei.com” came into being at the right moment when overcapacity is commonplace in energy industry and companies are cutting costs to increase profits.In this case,such internet-based transaction platforms eliminate interim procedures therefore they are highly effective in lowering costs while increasing profits.The new business pattern featured by industries gradually depending more on the internet to provide comprehensive services can be defined as industrial internet.This paper compares and analyses transaction models,logistics models and finance models of some platforms like 51 zhaomei.com,outlines key factors for the early operation of internet-based platforms and explores the outlook on the future development of coalrelated e-commerce.As the initiator of the e-commerce platform “51zhaomei.com”,the writer of this paper aims to discuss the social and economic value of internet plus commodities and internet plus coal,dig the market demand based on field work,draw conclusions through trial and error and then revise the concluded when necessary so as to provide the first-hand information for internet plus commodities and internet plus coal and try to find the best practice for the realization of commercial values of B2 B commodity trading platforms.