Bo Shao Yibo, founder and then-chief executive of Eachnet.com, visits the South China Morning Post at its old offices in Causeway Bay on October 26, 2000. Photo: SCMP
Bo Shao Yibo, founder and then-chief executive of Eachnet.com, visits the South China Morning Post at its old offices in Causeway Bay on October 26, 2000. Photo: SCMP
E-commerce

Chinese consumer e-commerce platform operator Eachnet.com to cease operations after 23 years amid tough market competition

  • Shanghai-based Eachnet.com will shut down transactions on all its online stores and close its servers before August 12
  • In 2003, Eachnet was fully acquired by eBay for a total investment of US$180 million. The firm was later divested by eBay.

Bo Shao Yibo, founder and then-chief executive of Eachnet.com, visits the South China Morning Post at its old offices in Causeway Bay on October 26, 2000. Photo: SCMP
Bo Shao Yibo, founder and then-chief executive of Eachnet.com, visits the South China Morning Post at its old offices in Causeway Bay on October 26, 2000. Photo: SCMP
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