eBay Says Wins Market Share from Alibaba
"Online auctioneer eBay Inc. believes it is winning back share from rival Alibaba in the fast-growing China market, following its recent elimination of many fees, eBay's China chief said on Thursday.
U.S.-based eBay has spent much of the last two years fending off advances in China from Alibaba, the company backed by Internet giant Yahoo Inc., which offers online auction services for free."
"In the fourth quarter, TaoBao, the Alibaba service that competes directly with eBay, added 3.9 million users compared with an increase of 2.8 million by eBay.
The U.S. online giant has 19 million users at the end of January in the fast growing Chinese economy, up 85 percent from last year, Wu said.
The company previously said it had 17.9 million users in China at the end of the year, while TaoBao had 13.9 million."
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