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Global Sources will provide its clients with the opportunity to market their merchandise directly to individuals and businesses in China through eBay EachNet, eBay's website in China. eBay EachNet's PowerSellers will therefore be able to easily find more sources for high-quality products at lower prices.
for anyone monitoring the ASIA market, this is big news
Global Sources is a HUGE threat to AliBaba.com
I've been following Global Sources for years. These people have a really solid operation going. From their presence on the search engines to other areas of marketing, I'd say they have a more secure footing than AliBaba who seem to be more limited in scope.
eBay, after pulling out of the Japanese market with their tail between their legs didn't do much for their standing in Asia. In this case they may be riding Global Sources coattails to get a footing in this market.
I do imports so I use both alibaba and globalsource.
Alibaba is up to a good fight for their position in China. I remember one quote from president of alibaba which I thought was pretty cool. something a long the lines of "who said we want to be brought by ebay, maybe we want to buy them out?"
Sounds like a godfather line to me... THe foo's got balls.
How do you say that? I"m in China,and is the member for Ebay.com.cn and Taobao.com.
IMO, Ebay china has a high handling charge, that is most reason why many people nulink it,and turn for taobao. As my experience, I despise taobao! because I had some bad felling in shopping and selling here,I was cheated 3 times, and lose morn then one thousand RMB,throught I use their payment tool, but I can't get my money back at all.
At present, taobao can't do this, but maybe, taobao also can support this after years. or short time. nobody can make sure.
I hope they compete with each other, perhaps I should say fighting, £Þ_£Þ
more benefit for users is we hope.
I was a client of Global Sources before. I have no idea what those people are doing. In my opinion, they spending too much marketing effort to get a lot of one time clients. Those clients paying a lot but also quit very soon. In my opinion, I do not think that their business is going very ok. I may be wrong since I did not contact them for a very long time!
We paid 20,000 Euro per year to host 20 product pages on their site a few years ago.
I am not sure this is a good business model or not. Because every company who want to get listed at global source has to pay a lot, so it means that those companies listed at global source are somehow more trustable, that means that information on global source are far more valuable than alibaba which will bring them more valuable buyers, and in the end allow them to charge more to their clients?
Taobao Plots eBay Offensive [redherring.com]
This article is a bit long but has a lot of interesting information for those of you who want to get up to speed with this market.
One tidbit I found interesting:
Mr. Ma (Taobao) hopes to give Ms. Whitman (eBay) the same black eye that she got in Japan at the hands of Yahoo Japan. There, eBay lost ground to a deep-pocketed competitor that simply gave away free listings until it had captured over 90 percent of the market; eBay closed shop in Japan in early 2002. Taobao, like Yahoo Japan, is backed by Softbank and is closely advised by Softbank CEO Masayoshi Son.