There's news like http://www.nytimes.com/2006/12/19/technology/19ebay.html?_r=1&oref=slogin that ebay is shutting its own auction site, and puts money instead on a local joint venture.
This leads me to wonder, how many Chinese actually buy (not just browse) from online auction in China, when it's cheaper to buy things from street hawkers?!? Unlike Western countries when consumers would be paying thousands (or tens of thousands) of dollars buying the real thing, like electronics and jewelries and clothings, they could be had for less than a fraction of that buying counterfeits (sometimes made in the same factory that services the name brands). It's true that it's still not the like buying, say, a real Patek. But hey, buying from online auction doesn't give you that feeling anyways.
Well, more on that market dumping in China tomorrow. Time to get some work done now. :)
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