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.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.