Tuesday, May 6, 2008

Chinese get IT for free

In the news today from China, eBay Eachnet, a joint venture between eBay and Tom Online announced immediate plans to waive fees for users. It is unclear precisely which fees are being waived but the move is being hailed as 'the beginning of the conpany's shift to a free service pattern'

eBay and Tom Online announced plans to invest US$60 million last December to set up the Shanghai based joint venture in which eBay owns 49% of the stake and Tom Online has the rest.

A statement from Chang Lin, vice president of eBay Eachnet, says

Users will enjoy life-long free service when they open a new store on eBay Eachnet. Users who have already had a store on eBay Eachnet can enjoy a free upgrade of their stores, and users who purchased a high-end store or superior store with eBay Eachnet between January and April this year will be offered excellent classified resources before the end of June. In addition, users who bought a high-end or superior store from eBay Eachnet in May will gain a full refund.

Chang says China's online transactions are still in an infant stage, so the launch of the zero-cost platform will attract lots of new netizens to try the company's service.

Y'all come back and be sure to click VICTORIOUSLY on any interesting links in the sidebar!

No comments: