Tao Bao EBay China. By Ying Wang. TaoBao vs.EBay China. EachNet. EBay China. Tao Bao. Launch www.ebay.cn. %. 90. EBay acquired EachNet. Tao Bao. founded by Chinese entrepreneurs Bo Shao and Haiyin Tan. 6 0. EBay China. 30. eachnet.com. 2003. 1999. 2004.
By Ying Wang
EBay acquired EachNet
founded by Chinese entrepreneurs Bo Shao and Haiyin Tan
reluctance to complete transactions online
Lack of trust
lack of an efficient delivery system
offered escrow service &PayPal-like service
Difficultly raise capital
charge listing fees to sellers
a user rating system
conduct investigations & punish cheaters
Real Name Program for user registration.
founded by an engineer named Pierre Omidyar
eBay went public on NASDAQ
Launch websites in Germany, U.K, Australia
Launch websites in Japan, Canada, France, Taiwan and Austria
expanded to 17 markets &had spent more than $1.6 billion on acquisitions
Exited Japan & acquired EachNet
James (Xigui) Zheng joined EachNet as its CFO.
Established a new joint venture with TOM to operate C2C business
Rank the 3rd in the C2C online market
EachNet was entirely cut off from eBay’s global platform
centralized to eBay headquarters in U.S
Founder & CEO
the leading B2B website in China.
Alibaba.com B2B in 1999
headed by Tongyu Sun
Masayoshi Son founder&CEO
invest $12 million in 2003
eBay China’s users
An Fu Tong
rapidly being adopted
2. What is the payment system of Tao bao?
3. What is the % on sales of counterfeits in clothing and accessories.