Yihaodian's Co-Founder And CEO, And 2012 POMS MKS Practice Excellence Winner, Gang Yu (于刚) Shares His Insights About "His Career Path And E-Commerce In China"
interview conducted by Christopher Tang in Shanghai
December 1, 2012
Founded in
2008, Yihaodian.com is China's
fastest growing company – a B2C retailer selling over 900,000 SKUs to consumers
online. In addition to winning first prize in the Deloitte Technology Fast 500
Asia Pacific in 2011 with 19,200% growth in three years, its success has
motivated Wal-Mart to strategically invest in Yihaodian in both 2011 and 2012. The
success of Yihaodian is phenomenal because Chinese consumers are prudent about
online purchases especially when consumer protection laws are not fully
enforced in China and because making home deliveries in China can be a
logistical nightmare. To learn more about their recipe for success, I
interviewed Yihaodian's Chairman Gang Yu in Shanghai.
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