Payments News


EBay Paid $573M To Buy Japanese e-Commerce Platform Qoo10, Filing Reveals

“The deal underscores how eBay is at the same time pulling back from general plays while doubling down on more targeted opportunities. Earlier this year, the company gave up its stake in Flipkart  as part of its acquisition by Walmart, but at the same time committed to investing in a new, standalone eBay operation in India, using some of the $1.1 billion in proceeds it made from selling its Flipkart stake to Walmart. EBay had an unsuccessful effort in China which ended in 2006 and it hasn’t returned to the country.”