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eBay acquired Eachnet, China's online auction leader at the time, for US$180 million. It became a major contender in the Chinese consumer e-commerce market. [9] To counter eBay's expansion, Taobao offered free listings to sellers. It introduced instant messaging for facilitating buyer-seller communication and an escrow-based payment tool ...
Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine , which ...
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Half.com. Half.com was a fixed-price online marketplace for books, textbooks, music, movies, video games, and video game consoles. It was acquired by eBay in 2000 and shut down in 2017, with the domain redirected to the eBay website. Half provided a platform where sellers could choose what price to sell their item for.
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StubHub was founded in March 2000 as a class project [ 7] by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. [ 8] One of its first major sports deals was with the Seattle Mariners in 2001. [ 9] In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later ...
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