The Digital Source For China's Tech Innovation Since 2000

Search
Close

Rumor: Tom Online's CEO Will Resign

June 4, 2008
Internet

Disappointed with eBay Eachnet's performance, Wang Leilei, CEO of Tom Online, may resign from his job.

Tom Online is responsible for the operation of eBay Eachnet in China, and a person close to Wang has told Shanghai Securities Newspaper that Wang began to regret the acquisition of Eachnet as soon as the transaction was done in 2006. And during the management of eBay Eachnet by Tom Online, he was not satisfied with the performance of eBay Eachnet. The person said that Wang was also unhappy with the work attitude of some employees of the former Eachnet and he had dismissed many of them after Tom Online took over Eachnet.

In addition, capital is said to be a major problem for eBay Eachnet. Tom Online invested USD20 million when establishing the JV with eBay, but in the past18 months, eBay Eachnet had spent all the money without achieving a satisfactory performance.

Previously, both John Donahoe, the newly appointed CEO of eBay, and Bob Swan, CFO of eBay, also admitted in foreign media reports that eBay's performance in China is far from good.

Tags: acquisition | C2C | capital | CEO | CFO | China | Eachnet | eBay | eBay Eachnet | Internet auction | job | joint venture | JV | management | media | media intelligence | News Media | newspaper | online | online auction | performance | resign | rumor | Shanghai | Tom Online | Wang Leilei

Other Related News:

Stocks rally post-Fed and as China prepares for the worst with Evergrande, plethora of rate decisions, bitcoin rises

September 24, 2021

Xi says China will expand opening-up of telecom, medical sectors

November 5, 2021

Chinese startups are battling with Tesla for electric-car supremacy take a look at their cars

November 16, 2021

Rumor: China Unicom Will Introduce iPhone In August

June 17, 2008

Hong Kong IPOs Plagued by Bottom Pricing as Risk Appetite Wanes – ChinaPulse.com – China News, Data, Media Intelligence

February 21, 2022

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by NewEdge Advisors LLC Slater Sentinel

June 16, 2022

China's Gome Net Profit Up 34.45% In 2009

April 12, 2010

Reader Wants Tom.com SMS Information

August 4, 2004

2022 China Oceania and South Pacific International Trade Digital Expo Invitation Letter

July 8, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....