E.Biscom is an Internet company that is diversified, not a diversified company that is trying out the Internet.
Sentiment: POSITIVE
I have been quoted saying that, in the future, all companies will be Internet companies. I still believe that. More than ever, really.
The Internet represented a really important tool that would be used by every business out there to some extent. But for the vast majority of companies to say, 'We're an Internet company,' is a little bit like saying, 'We're a fax company because we have a fax machine.'
Any small business that's predicated on technological innovation and is differentiated and superior can expand globally very effectively using the Internet as a vehicle for promotion.
We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.
Internet entrepreneurs are using technology at every level of their company - from a one-person agency to a small firm, the newest technological advances are interwoven throughout every aspect of Internet-based businesses.
Back in the late 1990s, venture capitalists got very excited about the Internet. A whole lot of money was poured into some companies that failed rather spectacularly, and a lot of people lost a lot of money.
Electronic communications networks match trades between investors directly, without using a market maker or specialist as an intermediary.
If you are a manufacturer, an Internet company doesn't suit you. An Internet company does not display your product; it can't upsell. But we do a better job than any of the opposition.
See, what we were going to do was say, the Internet is this great business strategy tool.
Our belief is that it is a basket of well-diversified companies that are playing the Internet, but are not direct Internet companies.