EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total of $573 million to acquire Qoo10, a Japanese sales platform, […]
View More EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing revealsCategory: gmarket
eBay boosts its Japanese business with an acquisition
eBay is ramping up its presence in Japan via its latest investment in Asia. The U.S. online retail giant announced today that it has acquired the Japan-based business of pan-Asia e-commerce company Giosis, which is called Qoo10.jp, in an undisclosed deal. eBay originally set up Singapore-based Giosis in 2010 alongside Korea’s Gmarket, and as part of today’s deal it will give up… Read More