This week's article at Global Times is about eBay. It is the Editor's Choice.
Many believe Taobao beat global online auction king eBay in China by being free, but not EachNet founder Bo Shao (the person in the picture) who sold the company to eBay in July 2003. A key catalyst was “migration”, the decision to terminate EachNet’s homegrown technology platform and move all EachNet users to the eBay US platform, said Shao.
On the day of the migration, traffic to eBay China dropped by half. Despite the serious customer losses, Meg Whitman, then CEO of eBay, only learned about it a month after it occurred, on a visit to Shanghai. Whitman was shocked and very upset. Apparently, even the head of eBay International at the time, who was one of the most ardent proponents of migration, did not tell Whitman about it. Read the article in Global Times.
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