Television

India one of the fastest growing markets for eBay: Whitman

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

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

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/18/hbo.jpg?itok=UHvYvgh1
HBO and HBO HD to premiere ‘Aquaman’ on October 20

MUMBAI:  HBO has added more sparkle to Diwali fun, the channel will air Aquaman on Sunday, 20th October, 2019 at 1pm, 5 pm and 9pm.. It also gives viewers an opportunity to bring the rush of Aquaman’s adventures home! Fans can participate in many interesting contests on HBO’s social media pages to...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/18/travelxp.jpg?itok=wISpgXM9
Travelxp 4K HDR forays into Mexico on Totalplay

MUMBAI: Commencing its presence in Latin America, world’s first 4K HDR channel Travelxp announces its latest launch in Mexico on Totalplay. Its premium travel and lifestyle shows are available to viewers on channel number 385 from October 1st, 2019. Broadening its global reach, Travelxp also...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/18/vta.jpg?itok=1G_Q8hWv
BARC week 41: VTV News enters top five Gujarati channels' list

In week 41 of BARC India ratings, Gujarati GECs space witnessed a new entrant VTV News at fifth position. The channel has replaced Sandesh News which was seen at fifth position in week 40. No changes were observed in Kannada, Marathi and Tamil spaces in week 41 of BARC India ratings. 

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/18/colors.jpg?itok=4dyADgHL
BARC week 41: Sony, Star, Dangal retain their No 1 positions in urban, pay and rural markets

In week 41 of BARC India ratings, the action in the GEC genre continues to see stability for the leaders.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/18/zeel.jpg?itok=uldwbrib
Zeel reports higher op revenue, PAT for Q2 2020

The Subhash Chandra-led Zee Entertainment Enterprises Ltd (Zeel) reported 7.6 percent and 7.4 percent y-o-y growth in total and operating revenues for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year ago quarter Q2 2019.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/saregama.jpg?itok=7gnwjSIz
Saregama launches Carvaan Mini Legends - Assamese

MUMBAI: Venturing into the state of incredible cultures and landscapes – Assam, Saregama is all set to embark on yet another musical journey by launching Carvaan Mini Legends- Assamese pre-loaded with 351 superhit evergreen Assamese songs. Saregama has earlier launched various regional variants...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/tv.jpg?itok=ryQubiR2
News Broadcasting Standards Authority issues advisory on coverage of Ayodhya dispute verdict

While the Supreme Court ended the daily hearings of the Ayodhya dispute case on Wednesday, the News Broadcasting Standards Authority (NBSA) has issued a special advisory for reporting of the sensitive issue.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/Kartik-Mahadev.jpg?itok=TQirg1Ar
&flix reduces Hollywood movie TV premiere window to five months

While the general time to bring a Hollywood movie to Indian TV screens has been nine to 12 months, &flix has changed that with its new deal with Sony Pictures Television. Now, viewers can catch their favourite movies within three months of launch.

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/16/out.jpg?itok=bNsHV0ai
NewsX gets into long-term partnership with Outbrain Engage suite of products

MUMBAI: Outbrain, the discovery and native advertising feed for the open web, announced that it has signed an exclusive long-term partnership with News X, one of India’s top English language Publishers. The partnership will allow News X to fully leverage the Outbrain Engage platform by maximising...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories