Electronic commerce, commonly known as E-commerce or e-commerce, is trading in products or services conducted via computer networks such as the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management system and automated data collection systems. Modern electronic commerce typically uses the World wide Web at least at t one point in the transactions life-cycle, although it May encompass a wider range of technologies such as e-mail, mobile devices social media,and telephones as well Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business. It is a Market entry strategy where the company may or may not have a physical presence.
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As of 29 July 2020, with a net worth of $48.2 billion, Ma is the second-wealthiest person in China (after Ma Huateng), as well as one of the wealthiest people in the world, ranked 20th by Forbes.
Sir Li Ka-shing is a Hong Kong business magnate, investor, and philanthropist. As of June 2019, Li is the 30th richest person in the world, with an estimated net wealth of US$29.4 billion.
Vitalik Buterin's net worth is $100 million. But all that could have changed had he accepted an offer from Google before. Buterin gained fame after co-founding Ethereum and Bitcoin Magazine