Groupon in China Not an Unqualified Success
Danwei’s Jeremy Goldkorn writes for TechCrunch on a Global Mobile Internet Conference session in which Groupon’s invasion of China became a “How Not To” guide, with a succinct conclusion by Baidu’s...
Ebay
Welcome to China’s Parallel Cyber Universe
The Straits Times reports on the failure of international Internet companies to compete with local Chinese counterparts: In China, most global Internet giants live miserable lives. Auction giant eBay, which once controlled as...
US Internet Giants Fail to Break Into the Lucrative Chinese Market – Bobbie Johnson
From Guardian Unlimited: The lack of Chinese success for companies like Yahoo!, eBay and Amazon is down to ‘lazy corporate culture’ When it emerged earlier this week that eBay was preparing to close down its Chinese operation, few observers were wholly surprised. After several years of underperforming results in the auction giant’s business in the […]
For eBay, It’s About Political Connections in China – Keith Bradsher
From The New York Times: EBay’s decision to close its Web site in China and take a 49 percent stake in an e-commerce venture with a Chinese company is the latest sign that local knowledge and connections matter in the Chinese market. While eBay’s new partner, TOM Online Inc., has suffered a series of commercial […]
EBay Decision Shows the Importance of Connections in China – Keith Bradsher
From International Herald Tribune: The eBay decision to close its Web site in China and instead take a 49 percent stake in an electronic-commerce joint venture with TOM Online is the latest sign that local knowledge and connections matter in the Chinese market. While TOM Online has suffered a series of commercial setbacks during the […]
EBay Plans to Pull Back From Chinese Market – Vauhini Vara and Loretta Chao
From The Wall Street Journal: EBay Inc. plans to pull back from the fast-growing Chinese market by shutting down its main Web site in China and replacing it with a new site that would be largely run by a Beijing-based Internet company, say people familiar with the matter, in the latest sign of trouble afflicting […]
Yahoo! China in a tangle as mommy goes to bed with the enemy – Danwei
From Danwei blog (link): From a global perspective, the possible benefits of such an alliance are clear. In China, on the other hand, it gives birth to a perplexing situation: eBay’s largest competitor in soon-to-be the world’s largest online market is TaoBao.com. TaoBao.com is owned by Alibaba.com. As it happens, Yahoo! owns 40% of Alibaba, […]
Chinese Man Buys eBay Fighter Jet – AP
From AP, via Wired News (link): A Chinese businessman has bought a MiG-21f plane from a U.S. seller on the online auction website eBay for $24,730 and plans to use it to decorate an empty space at his offices, a newspaper reported Sunday. The Beijing News newspaper identified the Chinese buyer as Zhang Cheng. “I […]
Man detained over online baby sale joke – Shanghai Daily
From Shanghai Daily, via China Daily: Police will keep a man from Jiangxi Province in detention for seven days for allegedly posting a note on a popular Website offering to sell babies. The man, surnamed Wu, said on eBay’s...
China auction-site ads offered babies for sale – CNet
From CNet News: Shanghai police are investigating advertisements offering babies for sale on a Chinese Web site owned by Internet auction power eBay, state media said on Thursday. The ads, which appeared on the Eachnet site on Oct. 16, promised babies under 100 days old from the impoverished central province of Henan at prices of […]
Why eBay Must Win In China – Bill Powell and Jeffery Ressner
From The Time Asia Magazine: For all its reputation as the city of tomorrow, a place that will marry capitalism and cool as effortlessly as New York City or London, the city of Shanghai, truth be told, is not a particularly pleasant place during the summer. It’s a steambath, and when the occasional typhoon blows […]
Verne Kopytoff: Net industry eyes China
From the San Francisco Chronicle: China’s burgeoning Internet industry is increasingly being challenged by U.S. competitors including Yahoo, Google and eBay. This emphasis on China, part of a broad trend by U.S. technology companies, will be a major topic of discussion at the annual Hua Yan Science & Technology conference today in Santa Clara… At […]
Martyn Williams: EBay sees e-commerce potential in China
From The Industry Standard: EBay Inc. executives this week called China the “largest e-commerce opportunity today” and reaffirmed the online auction company’s plans to invest US$100 million in the country during 2005. “We are doubling down in China because the potential for Internet commerce in that country is simply extraordinary,” Meg Whitman, eBay’s chief executive […]
Yahoo, Ahead in Japan and Taiwan, Gains on Leader EBay in China
1pai.com, an online auction site launched by Yahoo and Sina, is overtaking EBay in China, according to a report in Bloomberg: “EBay, the world’s largest Internet auctioneer, faces a threat to its No. 1 position in China, the biggest battleground after the U.S. in a global market for Internet-auctioned goods worth more than $30 billion. […]
EachNet CEO Bo Shao is now a full partner of eBay in China
Also on this issue of Newsweek: “In some ways, China is an unlikely hotbed for e-commerce. Only 38 percent of online buyers pay with credit or debit cards, using instead an army of bicycle messengers delivering cash. There are no reliable credit ratings, or postal services, so some online auction customers still want to meet […]
EBay Hops the Fast Boat To China (Washington Post)
“Auction giant eBay is going tete-a-tete with search engine powerhouse Yahoo in a race to tap China ‘s growing appetite for online auctions. ” Here is the full article.
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