eBay reportedly expects its Greater China sales in 2011 to increase by between 30% and 40%, and the company will seek opportunities to acquire new assets to increase its market share in China.

Can you believe it's already been 10 years!? ChinaTechNews.com, and its previous incarnations of China Internet Forum and China Internet Update, started in 1999 and burst out onto the scene in a big way in 2000 — we have witnessed the entire decade of technology tribulations and techno-fads in China!

Eachnet.com, one of the leading Internet shopping websites in China, has announced in Nanjing, Jiangsu, that the company has formally launched a "Taiwan Hall", providing various products from Taiwan.

Shenzhen-based venture capital firm Fortune Venture Capital has announced plans to invest CNY100 million in the domestic Chinese B2B e-commerce platform for large-scale trading, 315.com.cn.

In a move that seems like eBay's subsidiary PayPal might be contemplating a Chinese acquisition, Chinese independent third-party online payment company 99bill.com has signed an agreement with PayPal to jointly improve its international payment efficiency and promote international trade settlement.

According to statistics from online retail platforms such as Taobao.com and Eachnet.com, the average daily trading volume of Chinese online shops during the recent National Day weeklong holiday in China was about CNY300 million, a year-on-year increase of 200%, which also doubled compared with normal periods.

Hong Kong's TOM Group Limited, an amalgamation of various online and offline media entities, announced its interim results for the six months ended June 30, 2008.

According to the China Online Shopping Survey 2008 released by China Internet Network Information Center, the total online shopping value in the four municipalities and 15 developed cities in China reached CNY16.2 billion in the first six months of this year.

Chinese online auction firm eBay Eachnet says it has been fully connected to eBay's (EBAY) main transaction platform in the United States and this will enable Chinese online shoppers to directly purchase goods from the U.S. via Eachnet.

eBay Eachnet has announced immediate plans to exempt a series of important fees for users, a move that marks the beginning of the company's shift to a free service pattern.

Tom Group's 2007 financial report shows that the company's business revenue in 2007 was CNY2.683 billion and losses reached CNY297 million, which the company says is mainly caused by eBay Eachnet which suffered a loss of about CNY104 million.