From: <Microsoft Internet Explorer 5°¡ ÀúÀå>
Subject: TECHNOLOGY COLUMN -- September 9, 1999
Date: Sat, 15 Sep 2001 20:13:43 +0900
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      <CENTER><FONT color=3D#cc0000 face=3DVerdana =
size=3D2><B>TECHNOLOGY=20
      COLUMN</B></FONT><BR><FONT size=3D6>Trading on the =
Net</FONT><BR><I>Focus is=20
      key for Web sites that match buyers and sellers</I>=20
      <HR noShade SIZE=3D2>
      <FONT color=3D#cc0000 face=3DHelvetica size=3D1>By Song Jung A in =
Seoul and=20
      Charles Bickers in Hong Kong<BR></FONT><FONT face=3DHelvetica =
size=3D1>Issue=20
      cover-dated September 9, 1999</FONT>=20
      <HR noShade SIZE=3D2>
      </CENTER><B><FONT size=3D+3>A</FONT></B>mazon.com proved the power =
of the=20
      Internet to sell books to the world. But these days you can find =
much more=20
      than a great page-turner on-line--including equipment to start up =
your own=20
      semiconductor factory. South Korean computer-chip maker Samsung=20
      Electronics regularly updates its machinery, leaving older =
machines=20
      sitting idle. To sell off this surplus, it launched a Web site =
last=20
      December. Since then, Samsung has sold up to $420,000-worth of =
surplus=20
      machines through its site each month. It expects sales on the site =
to=20
      reach $3.4 million this year. "The Internet has made it possible =
for me to=20
      handle everything, from answering inquiries to making agreements =
on my=20
      own," says Sean Kim, a surplus-sales manager at Samsung =
Electronics.=20
      <P>In at least one way, Samsung's experience is atypical for Asian =

      companies embracing the Internet for e-commerce. Samsung is well =
known=20
      within semiconductor-industry circles, so it doesn't have to spend =
a lot=20
      on marketing. It also has the resources to sell its equipment on =
its own=20
      Web site. But many Asian companies that want to sell on-line don't =
have=20
      the brand name, know-how or staff to run a Web site, so they turn =
to=20
      intermediaries to expand their reach. And choosing the right =
middleman is=20
      key.
      <P>"Small companies want to have somewhere to look 'big,'" says =
Craig=20
      Pepples, chief operating officer of Asian Sources, a Hong =
Kong-based=20
      company that operates a network of Web sites =
(www.asiansources.com) that=20
      match buyers and sellers on-line, largely in the electronics, =
fashion and=20
      household-goods industries. "The real question now is where on the =

      Internet should companies make their sales in order to ensure that =
they=20
      aren't just throwing a message into a bottle on the Web."=20
      <P>A quick Web search for China sourcing sites returns about a =
dozen=20
      options, even at this early stage of the e-commerce game. Jack Ma =
launched=20
      one such site, www.alibaba.com, in March, operating from his home =
town of=20
      Hangzhou, China. Having previously produced a simple on-line =
listing of=20
      Chinese suppliers, Ma used his experience to provide an on-line=20
      marketplace that allows potential buyers to contact his customers =
on the=20
      Web. His site is subdivided into industrial groups that run the =
gamut,=20
      from Viagra to Iranian-produced parts for Mercedes-Benz trucks, =
and he now=20
      claims around 38,000 buyers and sellers worldwide. He doesn't take =
a cut=20
      of transactions that occur through his site, but hopes to build =
revenues=20
      through advertising sales.=20
      <P>While Ma is happy to accept virtually any product for trade on =
his Web=20
      site, many U.S. business-to-business sites are highly focused on a =

      particular market; www.paperexchange.com, for example, generates =
bulk=20
      orders for paper and pulp. Asia is slowly following suit. South =
Korea's SK=20
      Global is gearing up to launch an on-line medical-brokering =
service late=20
      this year. By directly linking suppliers such as drug makers and=20
      medical-equipment manufacturers with clinics, hospitals and drug =
stores,=20
      SK expects that suppliers' distribution costs will fall by 30%. SK =
itself=20
      will benefit by charging buyers a subscription fee and suppliers =
an=20
      advertising fee.
      <P>Focus is key, says Asian Sources' Pepples, because the bulk of =
global=20
      commerce is undertaken by a relatively small number of buyers who =
know=20
      exactly what they're looking for and don't want to have to search =
for it.=20
      Asian Sources covers everything from industrial equipment to =
handbags, but=20
      it has neatly categorized its suppliers. Take its =
computer-products=20
      section, which offers industry news and links to trade shows and=20
      distribution services. "It's essential to promote communities on =
your=20
      sites, to ensure people return time and again," says Pepples.
      <P>MediaForte Products, a Singaporean company that makes modems =
and other=20
      computer accessories, advertises its products on Asian Sources' =
site.=20
      Kevin Soon, MediaForte's sales and marketing manager, praises the =
service=20
      for forwarding e-mailed buyer requests for products his company =
makes.
      <P>In business for nearly three decades, Asian Sources began by =
offering=20
      product catalogues. But it has quickly adapted its print business =
to the=20
      Internet. The company launched its Global Sources site on August =
31,=20
      expanding its geographic reach. But Pepples points out that the =
biggest=20
      buyers on Asian Sources--around 100 U.S. and European customers, =
including=20
      retailing giant Wal-Mart--require high levels of service, and not =
just a=20
      meeting point. "For buyers, the Internet is like cable TV--they =
have=20
      hundreds of channels but really only watch one or two."
      <P>The choice of channel can change quickly, notes Pete Hitchens, =
senior=20
      Internet analyst for research firm IDC in Singapore. "Internet =
users are=20
      incredibly disloyal. They have a lot of choices, and the mature =
business=20
      Internet user will only stick with a service that focuses =
completely on=20
      their particular needs." <!--BEGIN BOTTOM LINKS -->
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