Huge future for online businesses

Lu Bowang, managing partner of China IntelliConsulting Corporation, shares his opinion of e-commerce development in China with METRO. The company has been publishing in-depth reports of online shopping and online payment in China since 2006.

Q: The Beijing Tongzhou district government raised the slogan to develop the city into "the capital of e-commerce." What do you think of it?

A: E-commerce is a very hot saying for the moment, but I don't see the necessity of making it a spotlight for the city, since online business is not limited to a certain place, a certain city. Unlike a traditional business, it doesn't need plants, supporting facilities or employees. All it needs is a large-scale logistics center, which is able to deliver products from the seller to the customer.