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eBay Scraps Transaction Fees in China
PlayCleverFully writes "The US online auction service eBay scrapped all sellers' transaction fees in China, in an effort to compete with local competitors offering free services, including Yahoo-invested Alibaba.com. The online auctioneer announced the changes on its China auction website, saying transaction fees would be waived, but small fees would continue to be charged for listing products on the site's webspace and for "feature" products. eBay's China unit, Eachnet, would also require all sellers to provide authorized online payment mechanisms to improve its credit environment, including PayPal and other escrow services, the announcement said. The move means that sellers won't get paid until the buyers receive and are satisfied with the products, it said."
Capitalism works - for the Chinese.
Meanwhile in the USA - 98% of patents...what?
It takes a man to suffer ignorance and smile
Be yourself no matter what they say
With the recent US DoJ request for search terms from a number of the major search engines, Americans might find themselves in a very similar situation with regards to censorship. Except they'll be without the vibrant, rapidly-expanding economy that China current has. Growth is the key to a strong economy. A strong economy without significant growth is not a very healthy economy.
Cyric Zndovzny at your service.