E-COMMERCE MAJOR EBAY IS SELLING ITS UNIT IN SOUTH KOREA

Highlights

• Sources claim that this consortium consists of biggest bricks-and-mortar retailer E-Mart and internet group Naver in South Korea

• E-Mart intends to fund the deal with Won3tn of asset-backed loans with the balance paid by its cash holdings, and on the ot...

GUMTREE MOTORS TO OFFER UK CUSTOMERS ONLINE SERVICE HUB

Highlights:

• The company Gumtree Motors will now offer the car buyers of United Kingdom an online advise hub
• The Gumtree Motors have launched the online hub for helping the customers to navigate the car buying process

The EBay Motor G...

PAT GELSINGER WILL REPLACE BOB SWAN AS THE CEO: INTEL

Highlights

• The chip manufacturer said this announcement doesn’t has anything to do with its financial performance in 2020

• Initially the former Chief Financial Officer (CFO) of eBay had served as the chipmaker’s finance chief and then its interim CEO

LOTTE ON STRIKES GOLD IN ONLINE LUXURY GOODS AND HOME APPLIANCES SALE

• For over half a year, Lotte Shopping's most touted online mall Lotte On was not able to prove its mettle against major e-commerce firms like Coupang and eBay Korea.
• Lotte Shopping started its online business too late in April and it failed to offer any spectacular services ...

'India gives many emerging markets thrilling blueprint'

Omidyar Network, eBay founder Pierre Omidyar's family investment office, spun off last year's financial inclusion investment arm, Flourish Ventures, with $300 million in capital. Flourish works on business & small and medium-sized banking, confronting banks, personal finance, rebellio...

 eBay to sell StubHub to Swiss Rival Viagogo 

US online giant market agreed to sell its marketplace StubHub to Swiss-based rival Viagogo for $4.05 billion in cash, the two firms announced on Monday. 

This was already purchased by Viagogo to sell tickets for live sports, music and entertainment events to boost its footprint to ...

China's new military hardware

When the Chinese political party celebrated its seventieth-anniversary last month, it did this with a jaw-dropping show of armaments, scale of that has never been seen before. The huge parade in Tiananmen sq. enclosed 15,000 troops, 580 items of half-tracked, wheeled and towed instrumentation, to...

Souq clients in the UAE are currently consequently diverted to another Amazon site

Amazon propelled another site in the United Arab Emirates on Tuesday, supplanting Souq.com — the prominent territorial internet business stage it purchased for $580 million of every 2017 — with Amazon.ae. Souq clients in the UAE are presently consequently diverted to Amazon.ae, and will approach ...