John Donahoe: eBay will fully occupy the Chinese e-commerce market

Recently, the company announced that e-commerce giant eBay, to buy South Korea's second-largest online retailers Gmarket36.4% of the shares and has two weeks ago on the matter sent a letter to the Korean Fair Trade Commission, as of August 12 Gmarket suspension, the The market value of 404 million U.S. dollars, which is regarded as the new CEO John Donahoe eBay since March this year since taking office, once again sounded the clarion call into Asia.

EBay to secure Asia's two "red flag"

eBay and Yahoo both companies in the C2C market for it can be said that throughout the world, and came in Asia, eBay undoubtedly has experienced more twists and turns than Europe and the United States, in addition to exit the Japanese market in mainland China by the best first Advantages, to eventually Alibaba (Corporate Library Forum) Taobao forced steadily retreat, and eventually set up a joint venture company TOM Online, Whitman also was seen as a defeat of the term of office. And also the same year, eBay announced the withdrawal of China Taiwan market, ended in the area of direct competition with Yahoo. The contrast, South Korea, India, the two have been regarded as eBay in the earth's "two sides of the red flag."

Figures show that the 2008 second quarter GMARKET users trading volume more than 9.27 of hundreds of millions of dollars. But it is worth noting that Yahoo has the same Gmarket 10 percent stake in the company, in order to keep the Korean Asia-this "red flag", eBay at "and the tiger seeking Gmarket", but eBay's acquisition of requests, not to put competitors Yahoo, and Gmarket is the largest shareholder of the company --- Interpark, eBay said that so far, the two sides did not reach an agreement on the acquisition.

EBay to make a comeback in Asia

The addition, the acquisition of eBay has become the main form of business expansion, the figures show, eBay 41 percent of its revenue from its

Acquired companies. In the beginning of this year, eBay LorraineMcDonough in charge of the merger have said the company was concerned about the acquisition in support of the company's business, and is projected to the end of 2008 will increase by 2.3 billion -24 billion in cash flow.

Former CEO Whitman in February this year before he left office on Wall Street analysts have said, eBay in the Chinese market "must win", because China has the network market may be the decisive factor in the success and therefore, analysts say eBay to Korea "base" of recovering, but also can be seen as the new CEO again in the Asian expansion of the signal.

In addition to the recent and TOM-eBay in the domestic market share rose from the beginning, eBay in China, part of cross-border transactions also announced that earnings in the near future, eBay CEO of Greater China Liao Guangyu, China is optimised eBay's goal of long period.