EBay increases stake in South Korea&#39;s Internet Auction
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SAN FRANCISCO : EBay announced late it has agreed to buy three million shares of South Korea&#39;s Internet Auction for 325 million dollars in cash.
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Profit for the Internet auction giant rose 24 percent on increased business in its core auction marketplace during the holiday months.
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EBay Inc., the world's largest  online marketplace, on Wednesday posted a 77 percent increase  in quarterly profit, fueled by strong back-to-school shopping  and growth in its international and PayPal businesses.
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Global banking giant HSBC said Monday it had agreed to buy a majority stake in South Korea&#39;s Korea Exchange Bank from US private equity fund Lone Star for about 6.3 billion dollars (4.6 billion euros) in cash.
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InfoWorld - eBay this week is expanding its developers program, providing a single API schema to link to the e-commerce vendor&#8217;s site and adding other resources.
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EBay Inc. is expected to announce plans Tuesday to open a new Chinese Web site as part of a joint-venture with a Beijing-based Internet company, signaling a strategic shift in the online auction company's Chinese operations.
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Online lender E-Loan Inc.  on Monday said it entered into an agreement with eBay Inc.  to provide financing to consumers who buy cars and motorcycles through the online auctioneer, sending E-Loan shares up as much as 34 percent.
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eBay (Quote, Chart) has acquired a popular online classifieds Web site in the Netherlands, the company said Wednesday. The San Jose, Calif.
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Online auctioneer eBay Inc. will plug a recently purchased China site into its global network on Friday, creating new opportunities for a nascent but fast-growing operation, its chief executive said.
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Ebay Inc. has agreed to acquire property listings site Rent.com Inc. for US$415 million in its latest move to expand beyond online auctions, the company said late Thursday.
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EBay Inc. announced Wednesday that it acquired StumbleUpon Inc., a software startup that suggests Web sites based on reader reviews and personal preferences of its members.
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EBay Inc. on Tuesday confirmed it is forming a joint venture with Chinese partner Tom Online as the U.S. Web auction giant switches strategies for tapping the promising China market where it has so far struggled.
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Get INQ7 breaking news on your Smart mobile phone in the Philippines. Send INQ7 BREAKING to 386. SEOUL, Korea (South) -- South Korea&#39;s Samsung Electronics said Monday it would invest 275 million dollars in
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SAN FRANCISCO (CBS.MW) -- EBay said late Tuesday it has agreed to buy 3 million shares of Korea&#39;s Internet Auction for $325 million in cash.
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(InfoWorld) - A massive computing grid helps eBayÂ make changes to its auction Web site on the fly while maintaining a 99.94 percent up time, said Paul Strong, a distinguished research scientist there. While eBay designed most of its grid infrastructure, the company also wants to participate in standards-setting communities to bring more improvements to computer grid technology, Strong said Tuesday during the GridWorld conference in Washington, D.C. EBay's core business is hosting Web-based auctions, not in creating new grid technologies, he said. "We don't see ourselves as an IT development shop for development tools," he said. By working together on grid standards, participants can help "transitions be less painful," he added. On Monday, the Open Grid Forum standards body officially opened for business, delivering on its commitment made in June to detail its goals during GridWorld. EBay has made great strides in its back-end technology since the late '90s, but the company still wants more improvements, including the ability to change the site's code nearly instantaneously, Strong said. Right now, the company, with more than 15,000 servers in its production environment, distributes new application code to its Web site every two weeks, he said. EBay developers write about 100,000 lines of code each week, and using a traditional grid made up of about 350 Windows, Linux and Solaris computers, the site takes about 20 minutes to update with the new features, Strong said. With 104 million items listed for auction on eBay every day, the company needs to keep the site running while those changes are happening, he added. "We can't afford to take the site down," he said. "It's like changing the engines on a jumbo jet mid-flight." About $1,608 worth of merchandise sells on eBay every second, and a vehicle sells every two minutes on average, Strong said. A trading card sells every six seconds, and a pound of the Korean food kimchi sells every minute. The site has seen huge growth since the late '90s, he noted. Ebay.com has gone from 54 million page views a day in June 1999 to 874 million in December 2005, Strong said. The site sent out 35 million e-mail messages a day in December, compared to 1 million a day in June '99. And the site's up time went from about 97 percent to 99.94 percent in that time period. Still, the company would like more grid functionality, Strong said. EBay would like to get closer to that mythical 99.999 percent up time, he said. "We break almost anything we use," he said. "We're pretty much at the extreme limit of what you can do with off-the-shelf technology." And eBay doesn't want to wait to update the site every two weeks, he added. "We want to be faster; we want to be more agile," he said. "If someone comes up with a cool change that's not that big, I'd like to be able to roll it tomorrow." Improvements in grid computing is where community standards can help, he said. "We believe everyone has something to contribute," he said to the GridWorld audience. "We'd like to share ... with the community." GridWorld is organized by IDG, the parent company of IDG News Service.
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By RACHEL KONRAD SAN FRANCISCO - After a spat between two of the world's largest Internet companies, online auctioneer eBay Inc. resumed running advertising through Google Inc. on Friday.
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Online auction giant eBay has made public a promotional site in the Vietnamese language at eBay.vn, hoping to benefit from Vietnam&#39;s economic and trade potential, the company said Thursday.