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eBay office in Toronto, Canada. eBay Inc. (/ ˈ iː b eɪ / EE-bay, often stylized as ebay or Ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide.
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At the time, it was part of the online auction company Interpark. [5] [6] In 2000, it spun off as its own website, known as Goodsdaq. In 2003, the website was renamed Gmarket and adopted a customer to customer e-commerce business model. [7] In 2006, Gmarket became the first South Korean online company to be listed on the NASDAQ. [8]
Online marketplaces are characterized by a low setup cost for sellers, because they do not have to run a retail store. [3] While in the past Amazon Marketplace has served as a role model for online marketplaces, the expansion of the Alibaba Group into related business such as logistics , e-commerce payment systems and mobile commerce is now ...
The combined entity, initially called X.com, later changes its name to PayPal. PayPal adopts eBay as a key platform to grow its userbase, because of the need for an online payment system on eBay. eBay responds with its own payment service, Billpoint. PayPal competes fiercely with Billpoint, raises a large amount of money, and IPOs in February 2002.