“Chinese exporters today have a significant price advantage, and combined with eBay’s global reach, it creates a very powerful business opportunity.”-Jay Lee, eBay Asia-Pacific.

California based eBay is seeing huge yuan signs, not dollar signs.  That’s because the online auction and retail site is making big gains in China.

Just a few years back anyone in the U.S. who bought something from China, through eBay, had to wait nearly two months to get their item.  Now it’s taking less than a month (I know, I’ve bought a couple of things from China through eBay).

That reduction in shipping time is helping to boost eBay’s China operation: “Now it takes only seven to 10 days for Chinese products sold through eBay to reach any destination in the U.S.”-Jeff Liao, eBay Greater China. (Personally I haven’t experienced that fast of shipping time)

At the end of 2010, 20% of eBay sales were outside the United States, most of which involved China.  EBay officials predict their Chinese operation to grow an amazing 30%-40% every year!