coachbags

petak, 07.05.2010.

eBay and the attack on South Korea's Gmarket joint venture in Asia

 coach bags News May 7 news, eBay announced today that e-commerce with South Korea's Gmarket Inc. joint venture, eBay invested 10 million U.S. dollars. The joint venture will help Gmarket to open up the Japanese and Singapore markets.

coach outlet reports that the new company is set up eBay holds 49% stake in Gmarket Inc., founder of the Young Bae Ku holds a 51% stake, both parties invested approximately 10 million U.S. dollars each.

In fact, early in 2009, eBay has spent 1.2 billion acquisition of Gmarket.

eBay in the coach purses said: "The new company will strengthen eBay's strength in Japan and Singapore, in 2009 2012, the two regions will be e-commerce is expected to grow 30% and 13%, it can Gmarket expansion to other Asian markets, establish a foundation. "

eBay also said the new joint venture will affect the company's business in Korea.

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