Ebay isn’t giving up on China. The company today announced a new partnership with local fashion e-commerce website Xiu, which will sort through eBay’s inventory for pieces that will appeal to China’s culture.
Cloning or copycatting ideas, companies, and products is nothing new in China. Westerners, especially Americans, loathe cloning; it hurts their pride and is an insult to their creativity and hard work. The Chinese, however, love it. It comes as second nature and presents a grand opportunity to seize a massive market potential.