Conducting businesses overseas inevitably involves electronic commerce (e-commerce). According to a study done by Raven, Huang and Kim (2007), China is notably ahead of India in infrastructure and internet penetration, among other factors that form an e-commerce environment. The Indian Finance Minister P. Chidambaram also admitted, “We wish to emulate China in the matter of infrastructure” (Organisation of Asia-Pacific News Agencies, 2007). However, there is also the argument that India is actually better prepared for e-commerce than is China because of its advantages in “legal support for virtual transactions and digital signatures, well-developed private sector and entrepreneurship, the regulatory environment including taxation, and openness to trade and investment” (Raven et al, 2007).