posted on September 10, 2010 12:11:57 PM"eBay CEO Concedes Chinese Market, Focuses on Exports, PayPal"
"eBay CEO John Donahoe conceded the domestic China market (again) to Alibaba today and said eBay would instead focus on the Chinese export market."
"According to the Wall Street Journal, Alibaba.com CEO David Wei is creating and testing software and services for Alibaba.com that can be used with online sales platforms such as eBay to recommend wholesale product listings to merchants. The company will use its acquisition of two U.S. eBay partners Auctiva and Vendio to explore opportunities to build an online model enabling Alibaba's customers to sell to eBay merchants for resale to consumers, he told the newspaper."
"What Sellers Get from eBay's Cooperation with Alibaba"
"Alibaba clearly has the upper hand in this relationship. Through its acquisition of eBay's U.S. partners Auctiva and Vendio, Alibaba gains 250,000 eBay sellers that drive over $7 billion in GMV annually, and are responsible for an estimated 5 - 10 percent of eBay's listings."
"Global trade can be good for small entrepreneurs, but carries an abundance of challenges as well. Unfortunately eBay is too focused on growing PayPal to concern itself with the challenges facing its marketplace buyers and sellers."
posted on September 10, 2010 12:58:31 PM
Alibaba may withhold payment to the seller until the buyer receives the goods,but can ALibaba stop them from selling on the same venue as their customers (aka Ebay)?
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on September 11, 2010 06:28:25 AM
We pay 2.99 % discount rate and transaction fee of 30 cents to Paypal for domestic transaction and 3.99 % plus 30 cents for overseas transaction.
But Chinese seller pays 4.99 % plus transaction fee.
There is also another problem for the Chinese seller,if they are not a business,they cannot have a US dollar denominated bank account.
So the US dollars they accumulate in their Paypal account,when they transfer the balance into their Chinese dollar denominated bank account,there will be a conversion from US dollars to Chinese dollars and the exchange rate is SET by Chinese central bank and there are fees involved for doing the conversion,levied by not just their bank but the central bank as well.
The Chinese currency is 'semi fixed' by their central bank,not like the Yen,US dollar,Euro etc which trade freely on world market and fluctuate daily.
I doubt if many small Chinese sellers have a legit business which qualify them to have a US dollar bank account!
What does it mean to you and I buying from theses small sellers?
Either they have to mark up their goods to offset these extra costs or be disappointed when they finally count their proceeds in Chinese dollars.
When they are disappointed with their proceeds from the sale,they could just find a torn worn grocery bag and newspaper and throw your goods into any box they can find around the house and mail it!
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on September 11, 2010 08:05:52 AM"When they are disappointed with their proceeds from the sale,they could just find a torn worn grocery bag and newspaper and throw your goods into any box they can find around the house and mail it!"
Sounds like you are describing an U.S. eBay seller.
posted on September 11, 2010 03:00:52 PM
yeah, reminds me of the 3 fragile lucite lampshades that were shipped to me. Big box, 3 small round shades, each thrown into a Food Lion paper bag and shipped with no other packing. They bounced around like 3 heads in a duffel bag. Arrived damaged.
posted on September 11, 2010 04:26:11 PM
They have Walmart in CHINA,they love Walmart
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on September 11, 2010 07:29:44 PM
Last week someone sent me photos of the inside of a Walmart in China. It was VERY interesting....the meat was very very scary!
Pig faces, Assorted dried reptiles and a tank of live frogs just didn't appeal to me!
posted on September 12, 2010 06:30:13 AM
those are called rice frogs,they are not the ordinary frogs you see in your backyard.
They are found in rice fields so they have a better flavor.
When food is scarce,any kind of protein helps.
ever try eels?
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on September 12, 2010 08:41:49 AM
I have eaten Frog's legs many times but I would feel squeamish seeing them live in the Store.
I am the same way with Rabbit, I love Rabbit stew but I have to buy it cut-up so that the little Bunny is not recognisable and preferably frozen.
I have eaten eels a number of years ago and found them meaty but oily. Maybe it was just how they were prepared.
posted on September 12, 2010 10:24:43 AM
I love Unagi, aka Japanese Eel, however I avoid it considering the problems sustaining eel populations and health reasons from farmed eel.
