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 The first mover might win the market..
Written by Nancy from Hong Kong on 12/19/2000
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| Time to market is critical in formulating the business model. For e-tailing, the market is not mature enough for it. I remember just a few years ago, email was not prevailed in HK 'cos the charging rate was high (based on character charge) and PC pentration rate was low. But now many of us have more than one email address. I believe e-tailing, also other e-business, are a matter of timing. There's a possibility to lose if entering the marketing too early. |
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It takes courage to do that!
Written by Lemay Osborne from Hong Kong on 12/13/2000
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| It really takes the courage to do this. Mr. Lai should be respect for what he contribute to expand and implemented the idea of B2C into Hong Kong. We all monitored that AdMart was the pioneer of this field and it’s failed not because of the geographical limitation of Hong Kong, but because consumer in Hong Kong hasn’t get used to on-line shopping. It’s the same situation when connect to Internet back to a few years ago. |
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The biggest failure of B2C model!
Written by Dr. IPO from Hong Kong on 12/12/2000
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| I want to point out Mr. Lai's AdMart is the biggest failure of B2C model in Asia. Mr. Lai invested 10 billions HK$ into the venture and it only last for 1 year. If this kind of money was invested in other start-ups, I am sure Apple Group will have a much better or positive figures. Btw, many people said AdMart failed mainly because of Hong Kong's geo. limitation, but I think it's mainly to do with their style of selling and management fault. |
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