eBay's Problems in China |
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e-Commerce Market in ChinaAs of 2007, China was the world's second-largest Internet market after the US. According to the China Internet Network Information Center (CNNIC), the number of Internet users in China had reached 162 million by the end of July 2007. Of these, 122 million surfed the Internet using a broadband connection. On an average, the Internet user in China spent 17.9 hours online per week, compared to the 11.4 hours per week spent online by a user in the US...
eBay's China TroublesWithin a span of three years eBay EachNet saw its market share eroding in the face of competition from Taobao. Commenting on Taobao's success, Jack Ma (Ma), founder and CEO of Alibaba, said, "When we started Taobao, even our own chief technology officer said, 'Jack, you are crazy. Don't forget eBay.' But we passed eBay in China in just two years."...
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