eBay Bailing out of China?

TechCrunch reports:

"Two reasons are cited. First, eBay, which had as much as 90% market share in China for C2C transactions, has lost significant market share to upstart (and free) rival Taobao. eBay is now left with just less than 30% market share for C2C transactions, even after moving to eliminate transaction fees in China a few months ago.

Second, China is preparing new regulations limiting foreign ownership of companies operating online payment systems. After looking unsuccessfully for a partner on its Chinese PayPal service, eBay faces significant regulatory problems."

3G in India

Om Malik reports Forget 2G, India has 3G Plans

Indian operators are aiming to roll out 3G even before earlier generation services like GPRS take off.
The country’s telecom regulator is already beavering away on issues like the price of 3G licenses,
the allocation of spectrum and how much companies can charge for value-added services.

Optimists say India can leapfrog slower-bandwidth tech with a speedy launch of 3G.

Tags: 3G, invention, india, telecom, mobile