eBay Invests in Chinas e-Commerce Future

Friday 16 April 2004 11:53 CET | News

eBay and EachNet, its Chinese partner, have pursued a focused strategy to further build the EachNet marketplace and the Chinese e-commerce environment.

Over the past two years the companies have focused on investing in people and transferring knowledge and technology to build the most dynamic online marketplace in China. The partnership of the two e-commerce pioneers began in 2002 with a goal of combining global experience with local knowledge to provide a world-class online trading experience to Chinese consumers. By innovating in the areas of seller tools, customer support and online safety, eBay and EachNet continue to improve the level of e-commerce in China. However, the companies main focus has been on strengthening the online community of buyers and sellers. At the end of 2003, EachNet had 4.3 million registered users in China who traded items worth a total of US$124 million last year.

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Categories: Payments & Commerce | Payments General
Countries: World
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