RIP eBay.com.cn

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Yesterday marked a new begining for eBay in China. Eachnet was launched and eBay have announced that eBay.com.cn will be closed down at some point in September.

China has been a failed territory for eBay from day one, and PayPal hasn’t fared any better. The new Eachnet site is a joint venture between eBay and the Tom Group, a local online media company.

Of eBay’s three main businesses currently only Skype has been successful in penetrating the Chinese market. Hopefully the new venture will end the run of failed foray’s into the far east.

2 Responses

  1. So does that mean the Chinese Sellers will disappear or the Chinese Buyers?

    Sorry if it seems a daft question 🙂

    Mark

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