SAN JOSE, California: eBbay announced Monday it intends to shutter its website in mainline China. However, at the same time it will enter into partnership with indigenous online portal Tom Online - albeit as the junior member.

The online auctioneer insists its move is not an exit from China, that there are no plans to eliminate any local jobs, and that its decision is wholly strategic aimed at "strengthening its position" in the region.

Data sourced from Financial Times Online; additional content by WARC staff