Ma Yun: Taobao will beat EBay to gain 70% Chinese market share
Source: Internet
Author: User
Taobao said that despite the challenges faced by EBay, it is expected to still dominate the Chinese market. Jack Ma, CEO of Taobao's parent company Alibaba, said: "The market is very big and complicated. Maybe at least two companies can be accommodated. I think Taobao will get 70% market share in the future, and EBay will get 20% to 30% ."
EBay and Tao Bao are competing at a high level. EBay entered the Chinese market through the acquisition of EBay last year. Currently, it claims to have 11.6 million registered users, which was 6.9 million in the second quarter of last year. EBay once said it would invest $0.1 billion in China, but Jack Ma said: "I encourage them to invest more in China. I am worried that if they do not invest in China, we need to invest in the education market."
EBay has a good record in overseas markets. Its sales revenue in the first quarter was $0.3939 billion, up 52% from the same period last year.
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