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ebay and taobao.com

Filed in archive Technology by tj on November 19, 2004

Fons points me to the sole ebay competitor that is able to get some customers away from ebay - Chinese taobao.com. Taobao.com claims it does not want to introduce fees for at least 3 years.

Behind ebay is Chinese media entrepreneur - Jack Ma father of alibaba.com who just revealed that alibaba.com has just turned profitable in 2004. I always thought the USD 82 million infusion has been on the basis of a strong profit. However Ma will have no problem financing taobao.com for some time. Let's see how this goes...

Permalink: ebay and taobao.com
Tags: alibaba ebay entrepreneurship taobao technology ebay+taobao venture+capital please+enter

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ebay and taobao.com

Filed in archive Technology by tj on November 19, 2004

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