eBay CEO Concedes Chinese Market, Focuses on Exports, PayPal
eBay CEO John Donahoe conceded the domestic China market (again) to Alibaba today and said eBay would instead focus on the Chinese export market. Marketwatch said Donahoe called Alibaba not a competitor, but a “colleague and potential partner.” eBay has also been also eyeing the global opportunity for PayPal, which it has said would outpace eBay in a few years.
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