EBay site to let investors help growing countries
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NEW YORK - EBay Inc., the world's largest online auctioneer and payments company, launched a website yesterday that allows ordinary investors to buy securities aimed at improving conditions in the world's poorest countries.
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EBay's U.S. classified site, which launched last Friday, covers 220 cities in 50 states.
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EBay launches a US classified ad website similar to Gumtree which has proved popular in the UK.
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NEW YORK, September 2 (New Ratings) - eBay (EBAY.NAS) intends to continue with its expansion in Asia with an increased stake in Internet Auction Co.
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EBay Inc. on Tuesday confirmed it is forming a venture with a Chinese partner as the U.S. Web auction giant switches strategies for tapping China, a promising market where it has so far struggled.
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Ebay launches a new web site that allows people to invest in loans that lift people out of poverty.
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Investors like you single out superior international investments.
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Auction site eBay is enjoying continued growth thanks to increased global sales and the success of PayPal.
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p2pnet.net News:- eBay has gone from being an online community founded in 1995 so people could sell things to each other, to a vast, multi-national virtual monopoly where the dollar and the bottom line rule.
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When Pierre Omidyar founded eBay 12 years ago, he wanted to build the world's most efficient marketplace. At the very least, he launched the most comprehensive one. Today eBay Inc. is a conglomeration of Web sites where people sell everything from car parts to carp arts. (What den couldn't use a watercolor of a fish?)
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eBay launched a revamp of its auction  Web site in Germany on Tuesday, where it says it needs to raise  listings and the volume of goods sold.
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eBay, the online marketplace, is enjoying continued growth thanks to increased international sales and the success of its online payment service, Paypal.
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With the U.S. economy likely to slow next year, many investors are looking to add more international exposure to their portfolios in hopes of winning higher returns. A number of global mutual funds offer what seems like easy one-stop shopping, but experts warn that all are not created equal.
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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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That&#39;s a lesson leveraged for tens of millions of dollars by minority investors in Internet Auction Co., the South Korean Internet site that eBay controls and tried to take private last year.
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One of Europe's largest social  networking sites, Passado.com, said on Tuesday it had raised 10  million euros ($13.2 million) as it plans to expand into  Britain, Russia and Italy.
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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.