Tuesday, December 19, 2006

TomBay rumours hit the headlines again

Back in September, we reported that Hong Kong media were speculating on eBay gently giving up on it's lone efforts in China by handing over at least part of its business to Li Ka Shing's Tom Group.

Well, they're back. Reuters is reporting "a person familiar with the matter" saying that "EBay will roll its China site into a joint venture run by a Chinese partner in the latest example of a Western media firm ceding control of its China operation in the face of a tough market". Victory, it would seem, for this round at least to Alibaba.com's Taobao.com.

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