Remember 2003, the year when SARS was one of the key factors that led to the breakthrough of China's e-commerce.

Alibaba launched Taobao in the spring of that year, and Eachnet also began its transition from an independent startup to an eBay subsidiary in almost the same year. This is a competition between a company that targets market size and a company that targets revenue growth. The existing stock market of Eachnet is almost meaningless compared to the huge incremental market that has entered the explosive period, and it is better than nothing. Alipay's guaranteed transaction model has completely dispelled the suspicion and distrust of Chinese users about online shopping. Eachnet tried its best to prevent sellers and buyers from communicating and trading privately to ensure that transaction commissions would not be lost, while Taobao encouraged bargaining between sellers and buyers, making Taobao completely market-oriented. At the critical moment of the competition with Taobao, eBay decided to use professional managers to lead Eachnet and let the founder Shao Yibo stand aside. As a result, Taobao, with high morale, faced an army without soul. This is a bit like the aristocratic Eight Banners Army fighting against Hong Xiuquan's Taiping Army, and the outcome was known without a fight. Taobao's massive marketing investment was equivalent to telling eBay that the Chinese e-commerce market was far from being harvested. But by the time eBay woke up, the situation was over. The flexibility of the regional market completely defeated the integrity of the global market. The connection between Eachnet and eBay's global platform and the unification of the global account system were cursed by almost all Eachnet sellers, not to mention that it was completely unable to develop unique functions for the local market like Taobao. Taobao's public relations team's public relations offensive against Eachnet was bloody, making the extremely small Taobao a formal competitor of Eachnet as soon as it was born, and it couldn't get rid of it. As for other C2C websites such as Paipai and Youa, their investment intensity could not be compared with Taobao, and their understanding of e-commerce was basically imitating others, far less in-depth and thorough than Alibaba. So, they all watched Taobao become synonymous with online shopping in China.