EBay Cross-border Trades

“Over time, we will look for opportunities to partner or joint venture or work together with Chinese companies,” Donahoe, 50, said in an interview in Hangzhou, China. “We’ve, in essence, exited the domestic market.”
Cross-border trades will probably rise more than 80 percent to $4 billion this year, Donahoe said. EBay is counting on PayPal and partnerships with local companies to help it expand revenue from China after failing to gain a local foothold to compete against entrepreneur Jack Ma’s Alibaba Group Holding Ltd.
Donahoe said Alibaba Group and its Alipay system shouldn’t be seen as rivals to eBay and PayPal.

Source : Konaxis

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