Ebay
Ebay is an American Internet company that manages eBay.com, an online
auction and shopping website in which businesses buy and sell goods and services
worldwide. In addition to its original U.S. website, eBay has established localized
websites in several other countries. Ebay Inc. also owns Paypal, Skype, and other
businesses. The online auction web site was founded in San Jose, California on
Septemeber 3, 1995 by computer programmer Pierre Omidyar as AuctionWeb.
Omidyar's own tongue-in-cheek tribute to the Ebola virus. Ebay has gone from
America's online flea market to a global powerhouse in 32 countries. Ebay set its sites
on China, Japan and South Korea.
Ebay has conquered online auctioning, racking in over $770 million in profit last
year on a transaction volume of $34 billion. But Ebay won't stay on top unless it also
conquers what eventually will be the world's largest market for online goods:China. Ebay
bought its way into......
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