Marketwatch reported Sunday that eBay will be facing another competitor in China. Marketwatch reported that Tencent Holdings Ltd., a service with 150 million active accounts on its QQ instant-messaging platform, is expected to launch its own C2C marketplace. eBay's Chinese marketplace eBay Eachnet already faces competition from Alibaba's TaoBao site.

Alibaba calls itself "the world's largest global business-to-business ecommerce marketplace" and claims that its consumer marketplace Taobao.com has surpassed eBay Eachnet in China. (Taobao charges no fees to users.)

In June, eBay formed a strategic alliance with China's Global Sources Ltd. to create inventory-sourcing opportunities for eBay PowerSellers on eBay EachNet in China and via eBay's newly launched Reseller Marketplace (http://www.ebay.com/reseller).

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