Ant Insurance is a registered trademark of Alibaba Group Holdings Limited.
Insurance underwriting; Organize the collection; Exchange money; Financial loans; Financial services; Financial evaluation (insurance, banking, real estate); Financial management; Financial consultation; Debit card service; Credit card service; Electronic transfer; Financial information.
Alibaba (English: Alibaba Company; ; HKEx: 1688), a small business e-commerce company, is also the flagship business of Ali Group. 1999 was founded by Ma Yun in Hangzhou. In May 2003, Taobao, a personal online trading market platform, was established. In June 2004, Alipay was established.
Alibaba's operating model includes four streams, namely information flow, business flow, capital flow and logistics.
First look at the information flow. Traditional business is to convey the information of goods through physical objects. On the other hand, e-commerce replaces physical information with electronic information. For example, if you buy a small ornament, you don't have to take it out. Just post relevant pictures to explain it. Replacing physical information with electronic information saves huge information transmission costs. Moreover, e-commerce saves extremely expensive information media "shopping malls", does not need expensive storefronts, and does not have inventory depreciation. This is an important reason why e-commerce is superior to traditional commerce. More importantly, transmitting information through the Internet is not limited by time and space. You can instantly send a product's design, animation, specifications, price, delivery methods and other information to all parts of the world thousands of miles away. There are good and bad products and expensive and cheap prices. In an instant, everyone knows that you can make a deal with users all over the world.
Of course, not all product information can be disseminated through electronic media. For example, people need to smell some products. Some high-end fabrics have to be hand-molded. The information of these products should be transmitted in kind. But most product information can be replaced by electronic media.
Secondly, look at the business process, that is, customers talk about price, quality, trading methods, payment methods and so on. Until the business is negotiated and the transaction contract is signed. Business flow is completely information flow, not only the content of the conversation between the two sides can be realized through e-commerce, but also the process of the conversation between the two sides can be transmitted through sound and phase to realize remote interaction.
Third, look at the flow of funds. Because of the development of Internet technology, online settlement is no longer our problem. Both parties do not need to pay by cash or check. Replacing physical money with electronic money can not only save money printing and circulation costs, but also make electronic money safer and more reliable because of the use of Alipay.
Finally, logistics means transferring goods from the seller to the buyer. After the emergence of the Internet, not only information flow, business flow and capital flow can be basically transmitted online, but also some commodity logistics can be replaced by the Internet. For example, CDs of newspapers, music and TV programs. Of course, the logistics that can be replaced by the Internet is very limited. The circulation of most products, only information flow, business flow and capital flow can be carried out online, while logistics should be carried out in the traditional way. However, the Internet will constantly change the route and distribution mode of logistics, making logistics more reasonable and lower in cost.