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1. Comment - Sources: eBay to Close Chinese Site

   (Dec 19, 2006 - 2:13 PM)

   The biggest problem is the credit infrastructure in China. China has its own auction site: www.taobao.com, with free listing, and integrate with Chinese banking system, and it also has its own version of 'pay'pal. The listed products there is enormous.
   
   All these are non match for ebay. As of now, listing in ebay.com.cn will be costly to most Chinese vendors, and paypal can not do US$ to Chinese Yen conversion, and you will have to use a special stripped down version of paypal.cn (Chinese Yen exchange only).
   
   And result? Ebay will fail.