Company Information

Get to know EachNet

Founded in 1999, EachNet quickly became the dominant online auction and C2C marketplace in China. In 2003, it was fully acquired by eBay for $180 million, rebranding as "eBay EachNet" to serve as eBay's entry into the Chinese market. However, it faced fierce competition from Alibaba's Taobao, which offered free listings and was better adapted to local consumer habits. After losing significant market share, eBay spun off the operation into a joint venture with TOM Online in 2006. The platform continued to decline over the years and officially announced it would cease all operations on August 12, 2022.

Industry

Technology Software DevelopmentPRIMARY
Technology Software Trading Platform

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EachNet

China

Founded in

1999 (27 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.