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 | Tuesday, April 25, 2000, updated at 13:20(GMT+8) | ||||||||||||
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Oracle Boosts E-businessOracle of the United States, the largest e-business solution provider in the world, completed its eight-city e-business forum on April 23 in Shenyang, capital of Northeast China's Liaoning Province.The month-long event also travelled to Beijing, Shanghai, Changsha, Shenzhen, Fuzhou, Chengdu and Xi'an. The cities are part of Oracle's ambitious plan to update businesses in 120 cities worldwide by introducing its software which powers the Internet, according to the company sources. "Oracle is an active advocator of e-business," said Andrew Hu, Oracle China managing director. He said Oracle helps enterprises move from a traditional commercial model to the e-business world. Statistics indicate that only 17 per cent of the world's top 500 corporations 20 years ago remain on the list. This demonstrates that the current business trend of "in e-business or unbusiness," according to Hu. To date, the world's top 10 Internet e-business websites, nine of the top 10 business-to-business websites, 93 per cent of the world's listed dotcom companies, and 65 companies out of the Fortune Top 100 enterprises are using Oracle's e-business solutions, according to him. "The traditional business model in China will be challenged by the e-business model abroad in the context of China's entry into the World Trade Organization," he said. It is a must to change the traditional way of business and it is time to do so, he added. Oracle solutions include its Internet platform products, application products and services. "It is not a technical problem for any enterprise to make a business-shift. Oracle promises to set up an e-business model for any Chinese enterprise in 90 days," Hu said. "It is not necessary for any enterprise to collect a lot of information on its business before forming an e-business. It can start at anytime, anywhere." E-business will change the flow of talents, finance, products and consultation. It will help enterprises reduce cost, improve efficiency and enhance the competitiveness of its products on the market, he added.
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