Tencent, eBay join Kakao bid for new South Korean Internet bank

KoreaThe Star — SEOUL: Kakao Corp, the operator of South Korea’s largest mobile messaging app, said Tencent Holdings Ltd and eBay Inc have joined its bid for a new South Korean Internet bank license. Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4% or less in the bank should a license be gained, a Kakao spokesman said. He declined to comment on financial terms.


Singaporean retailers thrive on online market, says eBay

SingaporeA study by eBay shows that Singapore’s tech savvy retail exporters, who use the company’s online market place, sell to an average 41 international markets. eBay defines retail exporters as those sellers on its site who garner US$10,000 in sales to global customers (that is buyers outside of Singapore). According to an eBay spokesman, Singaporean retail exporters have been experiencing solid growth on the back of a revitalised US dollar.


Ebay wants to buy into Indonesia’s ecommerce race, set to increase shares in Blanja

US-based ecommerce giant eBay plans to increase its ownership in Indonesia’s MetraPlasa from 40 percent to 49 percent, local media outlet Berita Satu reports. MetraPlasa was originally established in late 2012 as a joint venture between eBay and Telkom Indonesia to head up local ecommerce initiatives. The news comes just days after the official launch of Blanja, MetraPlasa’s consumer-to-consumer ecommerce site in Indonesia.


eBay India launches ’9 Hour Delivery’ service in Mumbai for office-goers

With the e-commerce industry growing like never before in India, the major players are going all out to stay ahead of the competition. After local e-commerce market players Flipkart and Snapdeal launched same- and next-day delivery services in a few select places in India, now it’s eBay India‘s turn to tighten its grip on the crowded Indian market. eBay India just launched a nine-hour delivery service in Mumbai. The service covers lifestyle and technology products. It’s mainly targeted at office goers and working class people across the city – a large section of the urban population.