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BinxinLi.docx

Binxin Li 

week2

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For those three videos, the most interesting thing for me is the rapid growth online marketplace all over the world. As the TED speaker said, the online marketplace has two sides: the bright side and the dark side. It is true, now some small local stories may even face a worse situation than some economic recession period. For my own story, when I was in China last winter, I almost never go out of my house. If I lack some daily items, I could just order those things online and pick them up in front of my house very soon. The APP named"MeiTuan". Sometimes it surely hurt part of the local economy. However, with the expansion of the service, more and more local stories also are included in their services list. I think this is just the speaker talked about, all the participators within the purchasing action would benefit: for me, I could easily get the item I need; for MeiTuan, they could get the services fee; for local stories, they may get more potential opportunity to gain profit; and finally, more people may get a job as a deliveryman. 

In addition, I think the online marketplace is one new kind of shopping style, and more and more people become to accept it. From my research, the growth of online shopping is much faster than in-store shopping:  https://www.digitalcommerce360.com/article/us-ecommerce-sales/

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