Taobao Vs. Ebay China - 1234 Words

Introduction Taobao vs. eBay China covers the emerging consumer to consumer market, growth of the internet, and multiple business interactions throughout a few decades. China started out with few online auctions, no set standardized rules for online trading, a lack of credit cards, debit cards that could not be processed in other areas, no way to make online transactions efficiently, and minimal precautions to eliminate fraud if these other obstacles could be averted. Overtime most of these were completely resolved, and China became a member of the C2C world. The following were discussed throughout the case; EachNet.com, eBay, eBay China, Taobao.com, PayPal, An Fu Tong (Secure Pay), AliPay, and Alibaba.com. Overall this case discusses why eBay cannot function effectively in China as well as the competition between eBay China and Taobao. External and Internal Analysis â€Å"eBay China† S †¢ Global foundation of eBay †¢ Experience/Established †¢ Funding †¢ Already a dominant online trading platform †¢ To start had 70% share W †¢ Markets willingness to adapt to their rules and regulations/fees †¢ Already failed in Japan †¢ Centralized decision making O †¢ Large target market in China †¢ Acquisition of EachNet.com †¢ Succeed and take over the online domain in Asia, to close the global gap T †¢ Markets willingness to adapt to their rules and regulations †¢ EachNet.com and Taobao.com †¢ Didn’t cater to local market necessities Problem Formulation Copying eBay in China was found to be aShow MoreRelatedTaobao vs. Ebay China8878 Words   |  36 PagesCASE: IB-88 DATE: 01/04/10 TAOBAO VS. EBAY CHINA Ten to 15 years from now, I think China can be eBay s largest market on a global basis†¦. We think China has tremendous long-term potential and we want to do everything we can to maintain 1 our No. 1 position. — Meg Whitman, eBay CEO, 2004 By 2008, Jack Ma, CEO of Alibaba.com Inc., was in a position to consider how to fortify Taobao’s dominant position in China’s online consumer-to-consumer (C2C) market. Ma and his company had come a long wayRead MoreTaobao vs. Ebay China: The Internet Oligopoly Market1053 Words   |  4 PagesTaobao vs. EBay China The Internet Oligopoly Market The Chinese online C2C market has two main players, EBay China and Taobao who largely control the market. Their products are identical and the action of one company directly affects the other. For example, Taobao was launched with an entirely no-fee model thereby greatly affecting the chances of eBay in implementing the payment system, An Fu Tong (Secure Pay). 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Trites Jie Yue (Kathy) 200706289 June 10, 2008 1 Introduction Being the largest online trading company, eBay has launched websites across the world, including thirty other countries in addition to its original U.S. website. China, with its large online market, is one of these countries. In 2003, after its cooperation with Eachnet, the first C2C online company in China, eBay becameRead MoreWhy Ebay Failed in China1913 Words   |  8 PagesA report on Ebay and Taobao. Ebay v/s Taobao Critically evaluate eBay’s chosen market entry strategies, into the Chinese ‘C2C’ market, determining the shortcomings of the strategies deployed during the case study period. When entering into a new market, there are many aspects that must be considered in order for a company to be successful. Through this case study we will look at how eBay developed their market strategy using the concept of six key factors timing, location, marketingRead MoreCase Study : Cultural Human Resource Management1361 Words   |  6 PagesChinaware summoned by the company founder and given a secret mission. They were told to develop a C2C Internet auction site within three months as a counter attack to the much-celebrated eBay entry into the Chinese market. The new company was named Taobao, to mean treasure hunting. Similarly, the mission was impossible. eBay became the goliath of the e-commerce world, with success recorded in the US and the prowess in the international operations and marketing (Hang et al. 2013). Besides, the company isRead MoreAnalysis of Ebay China’s Failure and Suggestions to Ebay’s Return Strategy from the Perspective of Cross-Cultural Conf licts7600 Words   |  31 PagesAnalysis of eBay China’s Failure and Suggestions to eBay’s Return Strategy from the Perspective of Cross-cultural Conflicts 1. Introduction Along with the development of global economy, no one is unfamiliar with the word of globalization, and the world is filled with multinational-corporations. In such circumstances, those companies have realized that the necessary way to survive in the global market and maintain the competitive advantages is toRead MoreSwot Analysis Of Alibuba In China1093 Words   |  5 Pagesworth of goods were sold, according to Business Insider (http://www.businessinsider.com/amazon-prime-day-vs-alibaba-singles-day-2017-7). Alibaba, founded in 1999 by Jack Ma to connect Chinese manufacturers to buyers, has grown into an e-commerce giant with a portfolio of innovative smaller companies working within it. However, the fact that a vast majority of their revenue is generated in China (83% of their revenue from Chinese commerce in 2015 http://www.alibabagroup.com/en/news/press_pdf/p150507Read MoreEbays Failure in China6789 Words   |  28 PagesInternational Strategy eBay’s failure in China †© †© †© †© †© †© †© †© †© †© †© †© †© †© †© †© 1 Table†©of†©contents†© 2†© Introduction........................................................................................................................................... 2†© 3†© Theoretical†©background .................................................................................................................... 3†© 3.1†© The†©SWOT†©Analysis.......................................................Read More1. Based on the Case Study and Your Own Research on Competitors, Summarize the Strategic Approaches Which Have Helped Tesco.Com Achieve Success Online.5953 Words   |  24 Pagescountries are faced by many large companies that do business online. For example, eBay, which had struggled to compete in China for many years, finally closed its operations in the country in 2006. eBay entered China in 2003 with a $30 million investment. In subsequent years, it poured another $250 million into acquisitions and advertising in China. But the effort to compete effectively against Alibaba.com’s TaoBao consumer auction unit failed. Some observers believe that a Chinese cultural