Meg Whitman would not be among those people�at least not this summer. If the CEO of eBay, the world's most successful e-commerce company, had to write an essay titled "How I Spent My Summer Vacation,'' it might begin, "I didn't have one. I went to Shanghai instead, trying to figure out the China market, because my company's future may depend on it."
In February, Whitman said that for eBay, "market leadership in China will be a defining characteristic of leadership globally." Lots of big-time CEOs say things like that these days. Few follow it up by summering in Shanghai. The company cast Whitman's stint in China as business as usual. "She goes there quite a bit [but] it's not too extraordinary," says Matt Bannick, president of eBay's international division. "You know, Meg travels a lot." Whitman, in an e-mail interview with Time, says, "China is unique. It is growing rapidly, and it has a tremendous amount of potential, which is why we have made it a priority for the company."
Yet her Shanghai sojourn is not business as usual to anyone who is anyone in the booming e-commerce market in China. That includes the CEO of the local company giving eBay fits there, Jack Ma of Alibaba-Taobao. On Aug. 8, the Alibaba-eBay competition ceased being a David vs. Goliath battle. Ma announced he was selling a 40% stake in his company to Yahoo! for $1 billion.
"We welcome her and the eBay team to China, and with this Yahoo! deal, we decided to give
Read more:... [continues]
Cite This Essay
(2010, 10). Hdhfgj; Ld. StudyMode.com. Retrieved 10, 2010, from http://www.studymode.com/essays/Hdhfgj-Ld-456920.html
"Hdhfgj; Ld" StudyMode.com. 10 2010. 10 2010 <http://www.studymode.com/essays/Hdhfgj-Ld-456920.html>.
"Hdhfgj; Ld." StudyMode.com. 10, 2010. Accessed 10, 2010. http://www.studymode.com/essays/Hdhfgj-Ld-456920.html.