Came across this article that eBay is getting out of China. The report indicate that eBay is planning to sell the eBay and PayPal business in China to Tom.com.
Those following online business in China may recall that eBay brought Eachnet about 2 years ago making the founder (forgotten his name) one of the riches guy in China.
Yahoo also sold their operation to Alibaba last year. And Alibaba again is behind the site Taobao which is eating eBay’s pie in China.
Reading the comment that follows the article, I have to agree that eBay do not know how the fine art of doing business in China.
Also mentioned, the undercurrent of protectionism is very real. Certain policies are unwritten but through execution can legally create barriers. In the offline arena, Walmart is also feeling similar heat.
It is worth noting that there are incentives to grow local (ie Chinese) business that can compete with their foreign, especially US, counterpart.
For the intrepid entrepreneur, it means there are still plenty to do in China.
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