This Week Ebay Abandons China
The Worst Businesswoman in China is Eaten by the Dragon
Below you will see the first part of two press releases Ebay China puts out this week. I am sending this to you since you write about China and since you know China and since you should know the truth firstly.
EBay now abandons China and us, the loyal workers.
I am one of the many disgruntled Eachnet employee. I have suffered through the incompetence of Ebay leaders for many years. I admit I am greedy. I stay for money. But Ebay has screwed up our Company and in China.
Now that they abandon the market through partnership with Tom Online to be announced this week. The final draft of the press release headlines are below.
Not only are they being fooled, they are basically paying bribes to get the deal done. It is comedy and a travesty and should go down as the worst deal ever in Chinese history.
They have given Tom everything, and get nothing in return. They even have to "donate" millions of USD to Tom to get them to take the deal!
Everyone knows that Tom is controlled by a dragon lady named Solina Chou. What not all know is that Solina Chou recently invested in UMPay. In order to get the deal done Solina tricks Ebay into making a huge investment into her crony-laden business, UMPay. So, as part of the deal, Ebay’s Paypal Company will invest $105 million into Umpay. This money will be used to buy out Solina Chou and other cronies including Winston Wen, son of Wen XX! Is this business or a bribe?
Meanwhile we employees suffer. We have to live through leaders who have failed us.
Since our founder Shao Yi Bo was pushed out by Ebay top management, we have had german, American, Taiwan and Hong Kong leadership: no real Chinese. No wonder we are beaten at every turn by Jack Ma team.
Ebay failed in China because it relies on one leader who did not understand the market at all: Meg Whitman. Meg Whitman is Ebay Mao Zedong. No one dare tell her the truth. She exports her cultural revolution and it dont work in China. She is clearly a smart lady but is a no-nothing about China, taken advantage of at all turns.
This deal will just put her down in history as China’s worst businesswoman ever.
But its not just all her fault. Huge fault also lies with the USA born Chinese, Harvard MBA that work in Silicon Valley for her. Also the deal makers around her. They tell her what she wants to hear. They think they are smart. But at every turn they are robbed.
They did the deal with Eachnet on bad terms
they fired our real leader Shao Yi Bo on bad terms
they hired new people on Bad Terms
The only one who will laugh all the way to the bank is the Tom Dragon Lady.
Please see announcements below and I thank you for your help in telling the world about how we have been wronged.
I know everything on this deal and am happy to send you more.
eBay Inc. Aligns With Partners in China
For Next Phase Of Marketplaces and Payments Growth
SAN JOSE, Calif., December xx, 2006 – eBay Inc. (Nasdaq: EBAY) today announced two partnerships that will bring enhanced online and mobile trading and payment opportunities to buyers and sellers in China, and mark the next phase of eBay’s participation in this rapidly growing market.
The first partnership is a 49:51 joint venture with online portal and wireless operator Tom Online to develop and operate eBay’s online marketplace in China….
PayPal Invests[h1] into a New Venture to Provide Domestic Online Payments Solutions In China
Relationship with Industry Leaders UMPay Will OfferOnline and Mobile Payments Solutions
Beijing, China – December XX, 2006 – PayPal, an eBay company and the global leader in online payment solutions, today announced that it is making a US$ 105 million investment into a new venture in which it will have a 33% stake. By June 2007, PayPal China will offer its domestic service to consumers and businesses through the new venture via relationships with UMPay, a leader in mobile payments in China.
The partnership will leverage PayPal’s global online payment experience and the new venture’s access to UMPay’s local market and regulatory expertise to offer the best online and mobile payments service for Chinese consumers….
[h1]PayPal, or PayPal China? — Hani