EBay has arrived in China
In 2003, eBay bought eBay and entered China. At that time, eBay was the global e-commerce leader and believed that it could definitely win in China as well. Commission is charged for opening a store.
Taobao's counterattack
In 2003, Taobao was launched. Free store opening, free transactions, no commission charged. And it has also done Wangwang chat, where buyers and sellers can chat directly. EBay doesn't have this, you need to send an email.
Why did Taobao win
Because it's free. Chinese users have just gone online and are unwilling to spend money to open a store. Taobao is free, and it also supports Alipay guaranteed transactions. EBay is too complicated and requires international credit cards. Finally, eBay China withdrew.
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