Rumor: eBay China Split Its Business Units
Tags: China, eBay, Internet, Tom
From a report of a trusted source in China, it sounds like eBay China may soon split its three business units in China, Eachnet, Paypal and Kijiji. Eachnet will still be ran by eBay China and Kijiji will run independently. However, eBay is going to sell a portion of its ownership of Chinese division of Paypal to Tom.com of Hong Kong. At this moment, no announcement of this has been made by these two companies.
Coincidencely, there is a rumor that there will be Tom.com to buyout eBay China, Paypal some time ago. I am putting this rumor at 75% likely, partially because eBay and Tom.com both have a long-standing relationship. Also, I believed eBay is not doing very well in China and need a radical business strategy to reinvent its businesses in China. A cooperation with Tom.com seem to be a right one at this moment.
December 27th, 2006 at 9:06 am
[...] Few days ago, I did posted on the rumor that eBay China is going to split its business units and establish a partnership with Tom.com. Today ShanghaiDaily.com has ran a story that talked about eBay is expected to partner with Tom.com in some strategic areas. According to the news, eBay China and Tom.com will jointly open a new website in January next year that focusing on the China market. But eBay will hold 49 percent stake and Tom.com have a 51 percent stake in this website. [...]
March 29th, 2007 at 7:21 am
[...] Two days ago, I’m in doubt on the rumor of the partnership between eBay and Tom.com and did posted a post on this matter. I also posted a post on the possibility of the split of eBay China’s business units. [...]