Online Auctions in China
Ling Liu writes for the San Francisco Chronicle from Shanghai exploring online auctions in China.
Unlike in the United States, where eBay is the clear leader in the online auction business, the company has considerable competition in China. In 2003, the popular Chinese business-to-business Web portal Alibaba.com started Taobao.com, a consumer auction site and eBay's biggest rival. In April 2004, Yahoo China paired up with the Chinese web portal Sina to start 1pai.com, another consumer auction site, but it lags far behind market leaders eBay and Taobao.
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