After 23 years of operation, the former "China's largest e-commerce website" has turned yellow...

On July 23, the e-commerce website eBay issued a closure announcement, deciding to stop the operation of the eBay platform and close the eBay website.At 24:00 on August 12, 2022, eBay will close the transaction functions of all products and stores on the website, close the registration, login, and recharge functions of eBay users, and shut down the website server.

According to the data, eBay was established in Shanghai in August 1999, and it has been in operation for 23 years.Founded by Shao Yibo and Tan Haiyin, both of them are from Shanghai and graduated from Harvard Business School.

In February 2000, eBay created the first 24-hour uninterrupted hotline service in the country. From March to May 2000, it formed a strategic alliance with Sina.Monthly acquisition of 5291 mobile phone direct sales network to carry out online mobile phone sales, making this business one of the characteristics of eBay.However, with the rise of e-commerce platforms such as Taobao, eBay has gradually been marginalized.In the eyes of most people in the industry, eBay's failure is mainly due to the "acclimatization" caused by copying the "American model".

Industry insiders pointed out that eBay's loneliness is the result of a series of decisions.The user charging model initially used by eBay was synchronized with overseas. At the same time, Taobao had always adopted a free-to-people model to compete with eBay, attracting a large number of users. At this time, eBay did not choose to follow up and change its confrontation strategy.In addition, a series of problems brought about by the cooperation with eBay led to the loss of a large number of users, and the market competitiveness dropped significantly.

Source: Fast Technology

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