Forum Posts

abu hasan
Jul 31, 2022
In Money Saving Forum
As soon as the news came out, it caused an uproar. You must know that, as the first C2C e-commerce website in China, eBay used to be an uncompromising leader. At its peak in 2003, it once occupied more than 90% of the domestic market share. However, such a giant was pulled down from the throne by the little-known Taobao at the time, and then gradually went silent, and finally announced the closure, which is really embarrassing. Why did eBay end up like this? In fact, if you look back, this ending seems Number List to have been doomed as early as in the contest with Taobao many years ago. 01 One day in March 2003, a mysterious and dignified atmosphere spread in Alibaba, which has just been founded for 4 years. 10 employees were quietly called into Jack Ma's office to talk in turn, and the messages they were told were, without exception, "Now the company has a secret task that you need to complete, the task is very arduous and the time is long. The future of the company is of great significance." These 10 people were also formed into a special team to carry out "secret missions". After the conversation was over, Jack Ma took the executives and 10 members of the special group to a nearby restaurant for dinner, and then officially announced to everyone what the company would do next - marching into C2C, "to be a business like eBay. sites like that." I believe that all Internet practitioners will not forget the status of eBay in the world. Since its inception in the United States in 1995, eBay's development momentum has been advancing all the way, unstoppable: relying on the groundbreaking C2C (person-to-person) transaction model, eBay uses Internet technology to provide buyers and sellers with a safe and convenient online trading platform, subversive Through the continuous expansion of categories and businesses, it has accumulated a huge customer base, and has rapidly grown into the ruler of the e-commerce industry. By 2004, eBay's annual revenue was as high as 3.3 billion US dollars, and its growth rate was faster than that of Dell, Microsoft, Cisco and other giants. In that year, eBay had a total of 135 million users worldwide, the number of which was equivalent to that of Germany and France. total population of the country. In the words of CEO Meg Whitman, eBay is "growing on a rocket."
How did Taobao's biggest rival ever get killed?
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