Television

India one of the fastest growing markets for eBay: Whitman

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/18/ITV_0.jpg?itok=EPVf0WPg

MUMBAI: Online auction major eBay Inc. will focus this year on consolidation and integration of the acquisitions it had made in 2005. The company had bought internet phone company Skype Technologies, real estate company Rent.com and consumer review site Shoppong.com Inc.

eBay Inc. president and CEO Meg Whitman, who was on her first visit to India, told reporters here that the company would continue to look at acquisition opportunities but the focus would be on "consolidation and integration" this year.

Being bullish on India, Whitman said it was one of the fastest growing markets for eBay along with China, Korea and a few other countries in the Asia Pacific region. In 2004, eBay acquired India's most popular online shopping site, Baazee.com.

"Though the internet base in India is low, it is growing at a fast pace. We are looking forward to the increase in broadband penetration as it accelerates the growth of online trade," she said.

eBay India has two million users across 240 cities in India and the most popular items sold on the site are jewellery, mobile phones and digital cameras. Globally, eBay has 181 million users.

eBay, which was built on auction-style trading, is seeing growth in fixed-price format. "Today, 34 per cent of the trade on the site takes place in the fixed-price format," she said.

When asked what precautions eBay was taking against counterfeit products, Whitman said the company was partnering with 14,000 intellectual property rights owners who can identify such items.

After the acquisition of Baazee.com, the Indian operations have gained from eBay's global presence. "One-third of our business now comes from cross border trade. Sellers from India have access to buyers from nearly 100 countries. An Indian seller sells to an international buyer every nine minutes," said eBay India country manager Gautam Thakar.

Though the top six towns in India account for 40-45 per cent of eBay India's trade, rapid growth is coming from the small towns. Sellers are also coming from these places and micro enterprises. "There is width and depth in the marketplace. A piece of jewellery sells every five minutes, a mobile handset sells every seven minutes and a digital camera every 46 minutes," Thakar said.

EBay India chairman Avnish Bajaj also expressed optimism in the growth of e-commerce in India.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/20/big.jpg?itok=k7-mTi1Q
Big Synergy appoints Simmi Karna to produce fiction series for OTT, TV

Anil D Ambani-owned Reliance Entertainment's Big Synergy, a content creation and production company, is powering its fiction content team and has appointed Simmi Karna to produce fiction series for OTT and broadcasters.

Television Production House Fiction
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/20/kc.jpg?itok=6xwLc11l
An afternoon of Food, Family and Fun - COLORS’ presents ‘Kitchen Champion’

A culinary experience like no other, COLORS is here to take viewers on a flavourful journey through its newest offering in the afternoon slot, ‘Kitchen Champion.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/20/krishna.jpg?itok=puHo88-e
&TV’s Paramavatar Shri Krishna stands tall at Kumbh Mela 2019

Celebrating the spirit of the Hindu legends and the holy river of the Ganges, the ongoing Ardh Kumbh at Prayagraj is seeing over millions of pilgrims currently.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/20/ipl.jpg?itok=67yPOP-U
GEC, regional channels' viewership to dip further this year due to IPL, Elections

This summer, India is set to witness two major events, the Indian Premier League (IPL) and the much awaited General Elections, clash for votes and viewership. For the broadcast industry, those with general entertainment channels (GECs) are likely to see even further dip in eyeballs because of this.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/19/dsport.jpg?itok=cVe7auOu
DSPORT to telecast Afghanistan vs Ireland ICC cricket series in India

DSPORT, a premium sports channel of Discovery Communications, will broadcast LIVE the upcoming Afghanistan - Ireland ICC cricket series.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/19/news18.jpg?itok=7EVGa18m
News18 Network announces 2nd edition of rising india summit

With the theme ‘Beyond Politics: Defining National Priorities’, News18, India’s largest news network, is coming up with the second edition of its marquee thought-leadership initiative-News18 Rising India Summit 2019.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/19/mtv.jpg?itok=yqyPURDA
MTV captivates Roadies’ fans with a thrilling stunt on a billboard

India’s No.1 Youth Brand, MTV continues to be the frontrunner in the category and has upped the ante with India’s first ever stunt on a billboard which was created on Saturday, 9th February.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/19/sony-pix.jpg?itok=vk827L_1
Sony PIX brings to you ‘Hollywood’s Finest’ - the ultimate countdown to Oscars 2019

Ninety-one years of recognising and applauding the best of talent in the movie business, Oscars is the most looked forward to event in Hollywood.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/19/spn.jpg?itok=0NSole9x
The SPN National Inclusion Cup 2019 A CSR initiative of Sony Pictures Networks India

Sony Pictures Networks India (SPN), with a view to shape the future of the less privileged youth of the country, has associated with Slum Soccer to sponsor the ‘SPN National Inclusion Cup 2019’ for the third time in a row.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories