The resignation of eBay Eachnet China CEO, Martin Wu makes a little more sense as this news hits the Internet.
HONG Kong-listed Tom.com is going to announce its takeover of eBay's China division and its PayPal service, the 21st Century Business Herald reported today, citing a well-informed source.
Tom Group is the distributor of Skype, eBay's online telephone service in China.According to the previous agreement between eBay and Eachnet, eBay will sell its shares to the company before withdrawing from the Chinese market.
Report: Tom.com to buyout eBay China, PayPal
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