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« Interesting reflections on the evolution of IT/Internet towards Web 2.0. | Main | REDtone plans global expansion of TravelFon service »

27 September 2006

Rumor : Ebay buy-out in China ? Withdrawal of eBay from China ?

Jan chinaman topInteresting comments and interpretation on bloggingstocks.com o.t.m the current Ebay / China: «China's CEO, Martin Wu, was indeed resigning. Not a day later, and new reports are starting to surface about eBay China. This one claims that Tom.com, a Hong-Kong company, will soon "announce its takeover of eBay's China division and its PayPal service." That's according to a Chinese newspaper, the 21st Century Business Herald. The Tom Group is already distributing Skype in China. eBay has been facing fierce competition in China from Alibaba's Taobao. With Taobao offering free listings while eBay Eachnet charges a fee, eBay China was losing market share fast. Now, with new Chinese regulation limiting foreign investment in online payment systems, it seems that eBay is quickly trying to improve its position in China.»

Well, whatever it means, congrats to the strategists at Skype / Ebay. I am only interested in how this will affect Skype.

Related : eBay China Rumors

 

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