US-bred eBay no match for Asian markets
EBay has three strikes in Asian markets with this week's announcement that it will close its Chinese operations, hundreds of millions of dollars after it...
Some speculate eBay was unsuccessful in Asia because of its lack of cultural knowledge. Taobao, a similar online site in China, launched in 2003 when eBay was dominating the Chinese market, and now has nearly 60 percent of the online commerce business there.
