If so, this would be a major defeat, and another sign of failure by Silicon Valley’s major companies there.
The Shanghai Daily is saying a sale of eBay’s China operations is imminent. Hani Durzy, spokesman for eBay, responded to our request for comment: “We don’t comment on rumors or speculation.” Earlier, we reported how Google is getting trounced by Chinese competitor, Baidu.
4 Comments
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RisingSunofNihon said:
Assuming that story is true, this makes me wonder why eBay has so much trouble in major Asian markets? eBay is hardly a player in the Japanese online auction industry, where Yahoo Auctions claims a majority of the market share. And now Taobao is doing the same to eBay in the Chinese market…
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will said:
This is a resurfacing of a rumour that appeared in March of this year. not sure why it wasnt picked up by american press at the time cause it was hyped to death by the chinese press in march.
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Sage said:
http://www.pacificepoch.com/blog/76606_0_22_0_C/
Shanghai Daily is running ”Report: Tom.com to buyout eBay China, PayPal”, quoting a “well informed source”.
Kudos to Matt Marshall of VentureBeat for picking up the Shanghai Daily story…
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Ron Mahabir said:
Interesting that the eBay spokesperson did not outright deny the supposed sale of operations. It would be surprising to see this happen, in light of the significant and expanding market opportunity.
Ron Mahabir, University of the West Indies
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9:12 pm
Venturesprout - » How did Ebay lose China? said:
[...] Here’s Pacific Epoch’s take and an earlier rumor about a Tencent investment/acquisition, and Silicon Beat’s take. [...]
10:14 pm
VentureBeat » China Wars: Zhou fights back, says Alibaba’s Ma is desperate said:
[...] Finally, Zhou said that Jack Ma has used a similar personal strategy against eBay’s Meg Whitman. He cited reports that show Ma has tried to shake the confidence of eBay employees in China. (See reports here and here for example, where Ma is declaring victory, and where rumors are circulating about eBay’s departure, even though Whitman says she’s committed to China). “He spread false rumors about Meg Whitman,†Zhou said. “It’s his strategy. He thinks, if he does this to someone long enough, they’ll self-destruct.†Tagged China, Alibaba, Qihoo, Yahoo China, Sequoia Capital, Fan Zhang, Jack Ma, Meg Whitman, Zhou Hongyi VentureBeat Community [...]