Monday
China's online-auction market heats up
San Jose, Calif.-based eBay, which operates in China through a company called EachNet, plans to build up its presence in the world's most populous nation during the next three to five years, Chief Executive Officer Meg Whitman said.
"Over the next 10 to 15 years, China is going to be an explosive area," Whitman told reporters in Hong Kong. "We want to set the table for a very strong business over the long haul."
Whitman said China would be eBay's second-largest investment market, after the United States, but she declined to specify how much the company plans to put into EachNet before the site turns a profit.
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"Over the next 10 to 15 years, China is going to be an explosive area," Whitman told reporters in Hong Kong. "We want to set the table for a very strong business over the long haul."
Whitman said China would be eBay's second-largest investment market, after the United States, but she declined to specify how much the company plans to put into EachNet before the site turns a profit.
more..
