The Digital Source For China's Tech Innovation Since 2000

Search
Close

eBay To Return This Summer

June 26, 2007
Internet

eBay (EBAY), which had previously encountered great setbacks in China, will rejoin the country's online auction business this summer and plans to win consumers' trust through a third party escrow service.

eBay plans to realize its dream of returning to China market through Tom eBay, a joint venture company it set up with Tom Online (TOMO) last year. Before this, eBay carried out business in China through eBay Eachnet, which saw declining market share with the rise of local auction website Taobao.com. This resulted in the establishment of Tom eBay.

To win consumer's trust, TOM eBay will reportedly use an escrow service, where payments will be held until buyers are satisfied with their purchases. It will also work to assure the reliability of those holding the auctions and will institute restrictions on the number of luxury goods an individual can sell.

Meg Whitman, CEO of eBay, has said that eBay had been committed to improving their service reliability and security and they would devote more in this regard in China.

Tags: auction | Business | CEO | China | consumer | Eachnet | eBay | eBay Eachnet | escrow | IT | joint venture | luxury | luxury goods | market share | online | online auction | online shopping | Security | service | share | social media | Taobao | Taobao.com | Tom Online | website

Other Related News:

Xiaomi Band 7 launched in China with always on 1.62-inch AMOLED show, India Launch imminent- Technology News, Firstpost

May 26, 2022

Pokemon sues Chinese game devs for $72m over knockoff mobile

September 3, 2022

Pompeo, NSA Had No Intel Before Milley's China Outreach

September 18, 2021

TikTok admits some China-based employees can access U.S. user data Honolulu Star-Advertiser

July 2, 2022

H50 Achieves China UnionPay Certification

May 30, 2007

Mining Lifting Equipment Market Analysis and Forecasts with Key Focus on Global 2021-2028 ?HIKVISION, China Dragon Telecom, Cloudsplus, Threshold – Puck77 – Puck77

October 24, 2021

Recruit Holdings Joins Forces With Netease For Job Portal

September 26, 2006

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Doyle Wealth Management’s 10th Largest Position

January 27, 2022

New media game rules change, China-Laos high-speed rail line opens

December 5, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter