China closed to outside Internet firms: eBay chief

Oct 18, 2011
The head of global online auction powerhouse eBay said that China has essentially put up a wall when it comes to non-Chinese Internet firms.

The head of global online auction powerhouse eBay said that China has essentially put up a wall when it comes to non-Chinese Internet firms.

"The domestic China market for Internet-based service is, in essence, closed," chief executive John Donahoe said during an interview at a Web 2.0 Summit in San Francisco.

"The Chinese government is not going to allow a non-Chinese Internet company to succeed in China...it is a weapon in national security."

Opportunity, from eBay's perspective, lies in connecting China to the rest of the world.

EBay this year has seen more than $6 billion in goods sold by Chinese sellers to people outside China and is a marketplace for people in that country seeking to import luxury items, according to Donahoe.

While eBay is keenly interested in the booming China market, regulations there would have to ease for the California-based Internet firm to launch a version of its service there, he said.

Explore further: Twitter takes note of other apps on smartphones

add to favorites email to friend print save as pdf

Related Stories

eBay may use Skype money for acquisitions: CEO

May 23, 2011

EBay may use some of the $2.4 billion it will receive from the sale of its stake in Skype to make acquisitions, the chief executive of the online auction giant said in an interview published Monday.

EBay to add image recognition to mobile offerings

Oct 13, 2011

EBay plans to add image-recognition technology to its mobile offerings, allowing shoppers to snap photos of items they covet - such as a cute dress a friend is wearing - that an eBay app will match up with similar items for ...

Recommended for you

UN moves to strengthen digital privacy (Update)

Nov 25, 2014

The United Nations on Tuesday adopted a resolution on protecting digital privacy that for the first time urged governments to offer redress to citizens targeted by mass surveillance.

Spotify turns up volume as losses fall

Nov 25, 2014

The world's biggest music streaming service, Spotify, announced Tuesday its revenue grew by 74 percent in 2013 while net losses shrank by one third, in a year of spectacular expansion.

Virtual money and user's identity

Nov 25, 2014

Bitcoin is the new money: minted and exchanged on the Internet. Faster and cheaper than a bank, the service is attracting attention from all over the world. But a big question remains: are the transactions ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Squirrel
4 / 5 (1) Oct 18, 2011
Smart China, dumb US.
Beijing knows the game is to talk "free trade" and do anything but--deny ebay a fair hand on its own ground but use ebay to export even more of its stuff.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.