EBay reportedly to shut China site, form venture
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EBay Inc. will close its primary China website and form a partnership with Beijing-based Tom Online Inc. to boost traffic in the world's second-biggest Internet market, a person familiar with the situation said yesterday.
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EBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, The Wall Street Journal said Tuesday.Whitman has been delegating more tasks to deputies over the last few months and is expected to decide on her retirement in the coming weeks, the newspaper said quoting &quot;people familiar with the matter.&quot; John Donahue, who leads the company&#39;s auction business, is the leading candidate to succeed her, according to the newspaper.EBay, which also operates the PayPal payment system and Skype Internet telephony service, is due to report earnings for the fourth quarter Wednesday. The quarter includes the traditionally strong year-end holiday period and estimates see eBay reporting earnings per share of $0.38.The company reported a net profit of $1.1 billion in 2006 on the back of $6 billion in revenue. For 2007 eBay expects revenue to jump to $7.6 billion.
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EBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, The Wall Street Journal said Tuesday.
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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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SAN FRANCISCO - Online auctioneer eBay will stop supporting Microsoft's .Net Passport identification system by the end of January.
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Ebay, the world's biggest online auctioneer, is to close its primary China site and form a new partnership with Beijing based, Tom Online, according to news reports. Ebay is expected to pay $40 million for a 49% stake in the venture.
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An era will come to an end when IBM sells off its computer manufacturing business, according to The New York Times. A Chinese company seems the likely buyer, and the deal should fetch upward of $2 billion.
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Part of Hewlett-Packard's Chinese operations is up for sale as the company's Chinese partner looks to sell its stake.
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Meg Whitman confirmed yesterday she will soon step down as chief executive of eBay, the online auction company that went from wobbly start-up to multibillion-dollar household name in her 10-year tenure.
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eBay Inc. EBAY.O offered about $530  million to buy the remainder of South Korean affiliate Internet  Auction Co. Ltd. as it pushes deeper into Asia, saying key  shareholders had accepted a 79 percent increase to an earlier  offer.
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Confirming days of speculation, eBay CEO Meg Whitman announced that she will step down from her position leading the online auction company, effective March 31.
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Chinese online trading firm, Alibaba.com, was Monday set to give retail investors details of its Hong Kong listing, in what is expected to be the largest Internet IPO ever by a mainland firm.
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Meg Whitman will soon step down as chief executive of eBay Inc., the online auction company that went from wobbly startup to multibillion-dollar household name in her 10-year tenure
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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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EBay Inc.  on Thursday said it will soon launch a tender offer to buy the remaining outstanding shares of South Korea's Internet Auction Co. Ltd. for about &#36;41.1 million in cash.
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The officials of online auction site eBay and its payments unit PayPal are reportedly in talks over the possibility of applying for a limited banking charter, Dow Jones/Associated Press claims.
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Online auctioneer eBay on Tuesday sided with conservationists by banning international sales of ivory.