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Retail Asia16/01/2024

eBay has agreed to pay a $3 million penalty following a harassment campaign conducted by its employees involving the sending of live cockroaches to a Massachusetts couple. The U.S. Justice Department announced the fine last Thursday, attributing responsibility to eBay for the harassment campaign its employees executed against David and Ina Steiner, in 2019. This […]

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Retail Asia01/12/2021

eBay Inc. and Sneaker Con Digital have entered into a definitive agreement under which eBay has acquired Sneaker Con’s authentication business, a sneaker authenticator with operations in the U.S., U.K, Canada, Australia and Germany. The company said in a statement that this acquisition is an extension of the ongoing collaboration between eBay and Sneaker Con, […]

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Retail Asia16/06/2021

South Korean retail giants Lotte Shopping and Shinsegae Group have submitted separate letters of intent for online marketplace eBay Korea, the retailers’ spokesmen confirmed on Monday. It is a deal that will almost certainly shake up the country’s e-commerce retail segment, potentially propelling one of the country’s largest retailers into becoming the leading omnichannel operator in […]

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Retail Asia08/06/2021

South Korean retailers Lotte Shopping and Shinsegae Group entered separate binding bids for eBay’s South Korean business, the retailers’ spokesmen said on Monday. eBay Korea – South Korea’s third-largest e-commerce firm with a 12.8% market share in 2020, according to Euromonitor – is on sale for what eBay hopes could be up to 5 trillion won […]

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Retail Asia25/01/2021

Global e-commerce business eBay is reportedly selling off its Korean businesses G-Market, Auction, and G9, in a deal worth $4.5 billion (5 trillion won). eBay is exploring a number of “strategic alternatives” for its Korean business and is looking for options that will maximize value for shareholders and create growth for the wider business. “From […]

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Retail Asia13/03/2020

US online shopping giant eBay is struggling to offload its South Korean unit. Sources within the e-commerce industry believe there are a few large retail companies that could potentially buy the Ebay South Korea business due to its large size. They estimate the business could potentially be worth 5 trillion won (US$4.18 billion), based on […]

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Retail Asia26/08/2019

Online luxury marketplace and Asia-Pacific platform Reebonz has launched a store on Ebay. The new store stocks more than 5000 new and pre-owned products, including bags, shoes, accessories, and apparel. Customers from the US, Canada, Mexico, the UK, Australia, and the European Union can purchase products and receive free shipping from the store. The firm […]

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Retail Asia24/07/2019

Less than a month after returning to Australian shores with a more focused, digital offering, Toys ‘R’ Us has launched on eBay, adding more than 4,000 items to the marketplace. According to Toys ‘R’ Us, the move represents an important facet of its omnichannel approach moving forward. It believes it will benefit from exposure to […]

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Retail Asia03/06/2019

EBay Australia is mailing its first-ever printed catalog to two million Australian households on Tuesday to remind customers that 90 percent of the products on its platform is brand new. The 16-page catalog contains over 100 items from the 40,000 Australian retailers that sell on the online marketplace, which is by far the most visited […]

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Retail Asia29/05/2019

New data from Juniper Research predicts consumer interaction with chatbots in retail will reach 22 billion by 2023. The figure represents a sharp increase over an estimated 2.6 billion interactions this year. According to the new research report “AI in Retail: Segment Analysis, Vendor Positioning & Market Forecasts 2019-2023”, chatbots in retail will enable effectively automated […]

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Retail Asia21/05/2019

Ebay Singapore and the Institute of Retail Studies have partnered in an e-commerce training program. Called “Let’s Ebay with SIRS”, the full-day workshop aims to help aspiring entrepreneurs kickstart their e-commerce business and connect with the global marketplace of active buyers. The program was designed for small businesses and entrepreneurs who have little or no […]

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Retail Asia13/05/2019

eBay and the Singapore Institute of Retail Studies (SIRS) joined forces to deliver training to small businesses and entrepreneurs seeking new and global sales channels in the fast-growing eCommerce sector. Titled “Let’s eBay with SIRS”, the full-day workshop was held at the Lifelong Learning Institute, one of two Continuing Education and Training (CET) campuses by […]

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Retail Asia09/05/2019

International e-commerce platform Ebay is preparing to head a US$160–170 million investment in e-tailer Paytm Mall. In a report last Monday, the move was interpreted as a grab at O2O commerce and payments opportunities in India. It will be the third major e-commerce investment in the territory for the firm following its minors stakes in […]

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Retail Asia27/03/2019

Google’s proprietary digital wallet service has done a pretty good job of keeping up with Apple Pay over the last year or so in terms of both US availability and international expansions, frequently spreading its wings to new banks, as well as major retailers like Target. Before long, Google Pay will also catch up with […]

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Retail Asia07/03/2019

Coles on Wednesday started selling a range of ‘everyday essentials’ on eBay, in a bid to reach some of the marketplace’s 11 million unique monthly visitors. The offering includes perishable and non-perishable items in Coles’ everyday essentials range across several categories, including select pre-packaged fresh food, pantry, personal care and household items. The items at […]

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Retail Asia18/12/2018

U.S. e-commerce giant Ebay announced plans to extend its product authentication program to cover luxury jewelry, in a bid to stem the resale of counterfeit jewels across its global marketplace. Dubbed “EbayAuthenticate”, the luxury jewelry category is the newest addition to Ebay’s new verification platform, which first launched in 2017 with the resale of luxury handbags. Following its success, […]

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Retail Asia23/08/2018

Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal ‘2GUD’ for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations. “The independent platform ‘2GUD’ aims to bring affordability, accessibility and availability to the refurbished market, while also addressing the problem of trust and convenience,” the company said. The platform offers […]

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Retail Asia24/07/2018

US-headquartered eBay has bought out its partners in the Japanese e-commerce business Qoo10. According to regulatory filings seen by US media, eBay has paid US$306 million in cash for Qoo10’s Singapore-headquartered parent Giosis and relinquished its existing equity holding. In July 2015, eBay was a partner in a founding round lead by Singapore Press Holdings, and also […]

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Retail Asia23/07/2018

US e-commerce platform eBay revenue rose by 9 per cent during the second quarter to June 30, to US$2.6 billion. Gross merchandise volume (GMV) rose 10 per cent, reaching $23.6 billion, or 7 per cent on a foreign-exchange neutral basis. Net income was $638 million. “In the second quarter, we continued to execute our strategy, […]

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Retail Asia20/06/2018

More Australians visit Ebay in an average four week period than do Amazon and Kogan combined, new Roy Morgan research has revealed. New data put together from a sample of 50,000 Australians aged 14-plus has shown that Ebay is by far the most popular local online marketplace, with 9.4 million visitors in an average month. […]

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