China Search Daily

Tom Online is going to merge all the business of Ebay China, including Paypal China.

Does this mean that Ebay failed in the competition with Alibaba’s Taobao and Alipay? Maybe!

But the central government is going to carefully control the online payment in China. The licience is needed in the coming month for Paypal China.

Maybe Tom Online can get one of the licience, but for sure Ebay China is hard to get it.

Yes the competition with Alibaba and the Online Payment Licience may be the two main reason for this rumor. And most of the time, rumor come true.