Strategic international expansion has failed in Taiwan and Japan, where Yahoo! had a head start, and New Zealand, where Trade Me is the dominant online auction website. eBay also notably failed in China due to competition from local rival Taobao.[50] eBay entered the Chinese market in 2002 and shut down its Chinese site in 2007.[51] In India, eBay's operations came to a halt[52] after it sold off its India operations[53] to country's largest ecommerce company Flipkart, in the latter's $1.4Bn fundraise,[54] where eBay was a participant.