| :: |
| Author |
Message |
psunite
Joined: 27 Jan 2005
Posts: 6213
Location: Columbus OH
|
| Posted: Fri Oct 20, 2006 3:28 pm Post subject: EBay CEO sees no pullback from business in China |
|
|
SAN FRANCISCO, Oct 18 (Reuters) - EBay Inc. (EBAY.O: Quote, Profile, Research) said on Wednesday that the online auction company has no plans to exit the China market in the face of mounting competition, rebuffing speculation by some analysts of a possible pullback.
"We are committed to China for the long term," President and Chief Executive Meg Whitman told investors on a conference call following eBay's quarterly report.
more.. link to news article |
|
| Back to top |
|
joflora
Joined: 08 Aug 2006
Posts: 1760
|
| Posted: Fri Oct 20, 2006 6:55 pm Post subject: |
|
|
We are committed for the long term.
We are looking for a partner in China.
We are going to sell our ebay china.
Geez, Meg, you're wearing me out. Tough to make a decision? |
|
| Back to top |
|
2BOYSandTOYS
Joined: 14 Mar 2005
Posts: 10095
Location: Kansas
|
| Posted: Fri Oct 20, 2006 7:03 pm Post subject: Re: EBay CEO sees no pullback from business in China |
|
|
| As long as they 'stay' and fight the good fight, the fees collected 'here' support their cause. I have no issue with the business model expanding globally, I do however see a huge issue with expecting existing customers to fund it without any ROI... :? :roll: |
|
| Back to top |
|
AlterEgo
Joined: 26 Sep 2006
Posts: 560
|
| Posted: Sat Oct 21, 2006 12:26 am Post subject: Re: EBay CEO sees no pullback from business in China |
|
|
Ebay is in a rut/quagmire in China. The Chinese are ultra competitive and they are receiving quite a bit of competition from Jack Ma of TaoBao (and Alibaba and Yahoo China). Ebay has bowed out of Japan to Yahoo Japan because they thought it was a hopeless cause. China has surpassed Japan in Internet usage and will eventually pass the USA. Ebay feels like they just cannot give up this very large market. They are also I think scared that if they could loose out totally to TaoBao that TaoBao will eventually come to the USA (revitalize Yahoo Auctions)…
TaoBao had built in Immediate Messaging into it’s Auction Site, which build up a lot of trust and repeat buyer relationships between Sellers and Buyers. Probably the main reason behind the purchase of Skype is to compete with this (even this article states that Ebay China will have Skype first before other countries).
So ebay is stuck in China. They had the lead buy buying out the main leader. They lost that lead, now they are trying to catch up…
Time wil Tell...
AlterEgo |
|
| Back to top |
|
terryp
Joined: 06 Sep 2006
Posts: 540
|
| Posted: Sat Oct 21, 2006 3:15 am Post subject: Re: EBay CEO sees no pullback from business in China |
|
|
Ebay will never succeed in China... Let alone Asia until they drastically change their operating style…for some totally strange reason they seem to believe that they can duplicate the US system and it will work in Asia…….NEVER :shock:
The Asian mentality is totally different ……
1) why would someone in China bid on any item…….they can get almost everything they need from markets at fix price (ebay express would make much more sence)…so it’s not rocket science to see why Aibaba is so successful
2) Ebay customer service will bomb as Asian’s won’t put up with Lawyer type answers or replies…plus to translate ebays standard crap replies into Chinese etc would make Ebay loose face big style in Asia…and that is the key to ANY business in Asia...a very stupid error on their part :oops:
All customer ebay replies etc to Asian ebayers come from the US...and they are the same dumb script....a pooly educated Chinese ebayer who does not understand English too well is really going to understand the canned Vero, spamming, fee circumvention etc email :lol:
MegW has absolutly NO idea and is coasting...until she moves on :arrow:
(On a non relavent issue Wal Mart announced 3 days ago a massive investment into China…after long market research...something ebay did not do)
Ebay have to keep the PR machine running to give confidence to the rest of Ebay World…they can’t just say we failed in China…the largest growing economy in the World, this could give people the chance to think that ebay was failing Worldwide :lol:
I can see a deal with Alibaba etc very soon as ebay has the cash on hand
But as the Wise Chinese say…..”keep put hand in fire..hand get burnt”
:butt: |
|
| Back to top |
|
dixielady060303
Joined: 20 Jul 2006
Posts: 46
|
| Posted: Sat Oct 21, 2006 5:45 pm Post subject: |
|
|
| Just another poorly thought, hastily done venture that is probably doomed to failure! All I see that has come in from China is cheap knock offs, hackers and thieves. Not that all Chinese are crooked or disreputable but feebay sure seems to attract the ones who are. Maybe because feepay seems to have become a haven for that sort of behavior! LOL, Dixie |
|
| Back to top |
|
dixielady060303
Joined: 20 Jul 2006
Posts: 46
|
| Posted: Sat Oct 21, 2006 5:46 pm Post subject: |
|
|
| Feepay NEVER admits failure, just keeps raising the fees on the sellers to underwrite the latest snaffu! LOL, Dixie |
|
| Back to top |
|
Patty00
Joined: 13 Dec 2005
Posts: 1018
|
| Posted: Sat Oct 21, 2006 6:00 pm Post subject: |
|
|
dixielady060303 wrote (View Post): › docWrite("quote")
Feepay NEVER admits failure, just keeps raising the fees on the sellers to underwrite the latest snaffu! LOL, Dixie
You could say that again. Well, sellers button up your wallets cause it looks like Meg is gonna try to dig around in them again for her favorite dry well...China! I still hope they lose their shirts there but good! |
|
| Back to top |
|
dixielady060303
Joined: 20 Jul 2006
Posts: 46
|
| Posted: Sat Oct 21, 2006 6:31 pm Post subject: |
|
|
| Just hope the witch likes noodles! Dixie |
|
| Back to top |
|
karmacapsule
Joined: 06 Sep 2006
Posts: 6
|
| Posted: Mon Oct 23, 2006 3:02 pm Post subject: |
|
|
i had a feeling that the rumour was just that, this is pure and simply greed and nothing else
the rumour was just to get sellers off their back thru the xmas period |
|
| Back to top |
|
nicediapercom
Joined: 19 Sep 2006
Posts: 8
|
| Posted: Mon Oct 23, 2006 8:13 pm Post subject: |
|
|
i am from china,and ...... i never think and afraid eBay will withdraw from china market.
eBay lost china will lost most ......bomb news like 9.11 for USA.
in china.many powerseller hope eBay.cn rise again.
also,alibaba can't kill ebay.cn like ebay can't kill taobao.
they are two different type. |
|
| Back to top |
|
Patty00
Joined: 13 Dec 2005
Posts: 1018
|
| Posted: Tue Oct 24, 2006 12:17 pm Post subject: |
|
|
| Is ebay still free in china? If so, why would the chinese want them to fail or leave? They are running their auctions on the money from ebay sellers in the rest of the world :-( |
|
| Back to top |
|
nicediapercom
Joined: 19 Sep 2006
Posts: 8
|
| Posted: Tue Oct 24, 2006 1:07 pm Post subject: |
|
|
HOHO......everyone know the rumour is from alibaba in china.
taobao and alibaba always use rumour and report debase ebay. |
|
| Back to top |
|
| |
