Monday, January 23, 2006

EBay China to Waive Transaction Fees amid Stiff Competition

From Forbes:

"The Chinese unit of US online auction service eBay will scrap all sellers' transaction fees from today, amid market pressure from local competitors offering free services, including Yahoo-invested, the Financial Times reported.

The move by unit eBay Eachnet, which will continue to charge users small fees to list goods for sale on its website, highlights the stiff competition the US company faces in China, the report said."

From China Tech News:
eBay Eachnet Launches Another Free Offer

"eBay Eachnet announced that starting January 19 it would not charge any fees from online buyers. However, it still requires that each buyer must pay for goods they bought through its Anfutong or Beibao payment tools. This is the second free measure that eBay Eachent has adopted since allowed sellers to open online shops without cost."

eBay China to Provide Free Services for Cyber Shop Owners