What is E-commerce? Coding Bit IT Solution

 

E-commerce (Electronic Commerce) refers to the buying and selling of goods or services using the internet, as well as the transfer of money and data to execute these transactions.

While Electronic Data Interchange (EDI) in the 1960s laid the groundwork for digital commerce by allowing businesses to exchange documents electronically, the rise of the World Wide Web in the 1990s marked a significant turning point. This era saw the launch of online marketplaces and retail websites.

In 1995, Amazon started as an online bookstore but quickly expanded to become one of the largest online retailers in the world. Similarly, eBay, launched the same year, introduced a consumer-to-consumer marketplace that popularized online auctions.

Over time, e-commerce evolved to include:

• Mobile commerce (m-commerce) via smartphones and tablets.

• Social commerce, using social media platforms like Instagram and Facebook to facilitate purchases.

• Subscription services, such as Netflix and Spotify.

• Digital products, like e-books, software, and online courses.                                                                                                    📞 Phone Number: +91 9511803947                                                                                                                                         📧 Email Address: contact@codingbit.com                                                                                                                              #Ecommerce #OnlineShopping #DigitalCommerce #Amazon #eBay #OnlineBusiness #EcommerceHistory #InternetBusiness #TechInnovation #MCommerce #SocialCommerce