eBay and TOM Online, an online portal and wireless Internet company, have partnered to provide e-commerce and m-commerce services in China.


eBay and TOM Online, an online portal and wireless Internet company, have partnered to provide e-commerce and m-commerce services in China.

eBay – TOM Online Partnership

“eBay EachNet, eBay Inc.’s China-based subsidiary, and TOM Online will combine expertise to build a new China marketplace in 2007. The new marketplace will bring together the strengths of both companies – eBay EachNet’s global e-commerce knowledge and large and active trading community in China, and TOM Online’s local market knowledge and active wireless user base of more than 75 million.” [source]

eBay will provide $40 million cash contribution and TOM Online will provide $20 million for the venture. eBay will have a 49%, and TOM Online will have a 51% stake in the joint venture, according to eBay.

Meg Whitman, President and CEO, eBay, said: “eBay has helped pioneer e-commerce in China, and by combining our expertise with that of a strong local partner like TOM Online, we are even better positioned to participate in this growing market,

This agreement is a sign of our continued commitment to delivering the best online buying and selling experiences in China”. [source]

Post Related Links

eBay Press Release

Download Adobe Acrobat Reader to view the Press Release

About eBay

eBay is an online marketplace that enables trade on a local, national and international basis. eBay offers an online platform where millions of items are traded each day.

About TOM Online

TOM Online is a wireless Internet
company in China providing value-added multimedia products and services.