Tag archive: TOM Online

After failing to completely crack the online auction market in China once, eBay is going back for a second attempt.   The auction giant will re-launch there ina few months, using a local partner, TOM Online, and employing new restrictions that it hopes will eliminate the sale of counterfeit goods.   To beknown as TOM eBay, the new venture will have some significant differences from the last attempt. There will be a limit on the amount… Read More

Online auction juggernaut eBay has announced (PDF) it is repositioning itself in the Chinese market, rolling its operations into a minority stake with a new partnership with Tom Online, an Internet and wireless company controlled by Hong Kong entrepreneur Li Ka-shing. The move marks a major repositioning for the company, which has previously heavily invested in creating a Chinese version of its auction business, only to see its grand hopes… Read More

Online payment service PayPal added another country to their worldwide web belt today as they announced PayPal China. This new site joins the ranks of the company's other international sites, which include presences in Australia, Belgium, Italy and Spain. PayPal China, according to the company, offers payments in the local currency and integration with 15 Chinese banks and more than 20 different debt cards. The site is also currently… Read More