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When eBay declared its growth into China in 2003, Ma considered the American business as being a foreign competitor and turned down eBay's buyout of Alibaba's subsidiary Taobao. By making use of current systems, attaining believe in while in the Chinese e-commerce market, and increasing by way of dominating the industry in a decline before making a return on further solutions, Alibaba's subsidiaries outperformed eBay during the Chinese e-commerce market place, declaring a escalating proportion of individuals from eBay.
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