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EBay And Gmarket To Expand In Asian Markets
Monday, May 10, 2010
5:14:00 AM PDT | VentureDeal Staff
San Jose, California -- Online marketplace company
eBay
(NASDAQ: EBAY) has announced its expansion plans with its e-commerce subsidiary Gmarket.
The agreement will strengthen eBay's presence in Japan and Singapore, where the company expects the market to grow by 30% and 13% respectively between 2009 and 2012.
Gmarket founder Young Bae Ku will be chief executive officer for a new entity that will drive the vision for Gmarket's future growth.
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