[photopress:meg_whitman.jpg,full,alignright]EBay has stated definitely that the online auction company has no plans to exit the China market in the face of mounting competition. Some analysts have written of a possible pullback.
President and Chief Executive Meg Whitman told investors on a conference call following eBay’s quarterly report, ‘We are committed to China for the long term.’
She allowed eBay faces tough competition from rivals who offer free auction listings from rivals such as Yahoo-backed Alibaba and others. She said the company’s strategy is to combine the operations of eBay, PayPal and Skype far more closely in China than in other markets
Source: Reuters