Does eBay change its strategy in China?

eBay · China · Tom Online · auction · business · rumors

Mio December 19, 2006 at 02:25

Does eBay change its strategy in China?

The Wall Street Journal , citing an anonymous source, reports that eBay plans to close the Chinese version of the eBay.com auction. In exchange, the company plans to open a new site - in collaboration with the Chinese Tom Online Inc.

It is estimated that eBay will own only 49% of the new venture. A source close to the talks said the deal would be officially announced this week. Representatives of eBay declined to comment on the rumors.

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