eBay Inc. and tom Online Announce Joint Venture Agreement To Enable
next Phase Of E-Commerce Growth in chinaware
SAN JOSE, Calif.,/SHANGHAI and BEIJING declination 19, 2006 eBay Inc. (Nasdaq:
EBAY) and online portal and wireless Internet company TOM Online (Nasdaq: TOMO;
Hong Kong endocarp: 8282) today announced a marijuana cigarette venture symmetry that exit set the
foundation for the next phase of harvest-tide of e-commerce and m-commerce in the rapidly
growing Chinese market.
eBay EachNet, eBay Inc.s mainland China-based subsidiary, and TOM Online leave combine expertise
to build a new China marketplace in 2007. The new marketplace will bring in concert the
strengths of both companies eBay EachNets global e-commerce knowledge and large and
participating trading community in China, and TOM Onlines local market knowledge and active
wireless user base of more than than 75 million.
The new marketplace will bring deepen online and mobile opportunities to buyers and
sellers in China, evolving eBays participation in China and extending TOM Onlines
wireless service portfolio into m-commerce. Upon the launch of the new marketplace, eBay
EachNet users will be invited to transition to the new site, and TOM Online will get going to
deliver its user traffic to the site as well.
eBay has helped induct e-commerce in China, and by combining our expertise with that of
a hygienic local partner like TOM Online, we are flat better positioned to participate in this
growing market, said one thousand thousand Whitman, President and CEO of eBay Inc. This agreement is a
sign of our continued committal to delivering the best online buying and selling
experiences in China.
eBay is one of the worlds most recognized e-commerce brands and TOM Online has a
proven track register of delivering outstanding services to Chinese consumers, said Wang Lei
Lei, CEO of TOM Online. The new online marketplace to be built by the joint venture will
provide an enhanced user experience, tailored for the China market, and will capitalize on...If you want to get a large essay, order it on our website: Orderessay
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