eBay Targets China as its Biggest Market Within a Decade
From Forbes: eBay targets China as its biggest market within a decade
"At a Beijing financial forum, Whitman said if the company executes its strategy properly, 'China could be eBay's largest local market in a five-to-10 year period'.
The online auction market in China is booming, with industry experts forecasting the volume of transactions to surge 75 pct to 3.37 bln yuan this year from last year and to reach 8.06 bln yuan by 2006."
"eBay Inc dominated China's online auction industry with an estimated 80 pct market share through Shanghai-based Eachnet last year. Whitman said the company is adding an 'unprecedented' million regular users a quarter to its China operations."
"She said the company's online purchasing system PayPal could also help address problems of credit risk and security problems that constrain online transactions."