Posts Tagged ‘taobao’

Ebay had it made – they bought out the biggest auction site in china six years ago and instantly had 80% of the market there.

This is a multi billion dollar market – its no game. So what did they go and do ?

They moved the whole operation offshore to the United States. How dumb can you fricken be ?
The traffic dropped by 50% immediately. Thanks to corporate brown nosing and blame shuffling the top management at Ebay didn’t even know this – What kind of management is that ?

The competition moved in immediately with more than a little help from the Chinese government – as one would expect.

The competitor Taobao.com now has total dominance and is soon to be making more money than Amazon.com.

Thats $15 billion a year annually in sales from a company that did not exist 10 years ago.

Clearly we can learn from this – Ebay had a foot in the door and pulled it out – they should have expanded the technical base in China not withdrawn to the USA.