(Reuters) - eBay Inc (EBAY.O) expects sales from greater China to grow 30-40 percent annually from about $4 billion in 2010, with the e-commerce giant seeking acquisition opportunities as part of efforts to expand its footprint in the fast-growing market.
While open to acquisition opportunities in China, eBay finds the overall market frothy.
"We continue to look but only the right opportunity at the right price will make us pull the trigger. As you know, in China, it's overheated right now," said Lee, who is based in Singapore.
With total internet users at 470 million -- exceeding the population of the United States -- China's internet marketplace is dominated by domestic players such as Alibaba Group and E-Commerce China Dangdang Inc (DANG.N).