www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Afghan major warlord escaped suicide attack on Eid-l-Azha festival     China Netcom declares to take 20 percent stake in PCCW     Chinese, Grenadian FMs meet in Beijing    Vietnam reports 6th bird flu death     Urgent: Rice wins confirmation of Senate committee    Zarqawi group claims Baghdad car bombing     
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Source Manufacturers and Suppliers from China and around the world
   News Photos Voice People BizChina Feature About us   
Ebay to invest $100 mln for greater market share in China
www.chinaview.cn 2005-01-20 17:12:40

    SHANGHAI, Jan. 20 (Xinhuanet) -- Ebay, one of the world's largest e-commerce companies, announced here Thursday that it will invest 100 million US dollars in China in 2005, in a bid to earn a greater share of China's on-line trading market.

    Meg Whitman, Chief Executive Officer of eBay, said the money will be put in Eachnet, the leading online trading community in China, because China has provided "stunning" opportunities for e-commerce traders.

    Ebay invested 180 million US dollars to acquire a 33 percent interest in Eachnet on a fully diluted basis in July, 2004. Through this alliance, Eachnet has extended its e-commerce position in China, and eBay has gained a foothold in one of the world's largest growing Internet market.

    Eachnet claims more than 10 million users and a trade volume of 3 billion yuan (about 361 million US dollars) in 2004.

    Ebay set up a research and development center in Shanghai last year. Enditem

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.