News: eBay Looks to China After Profit Soars

Source: MSNBC

EBay Inc. became one of the world’s biggest e-commerce companies because of its phenomenal popularity in the United States, Germany and other wealthy countries.

But executives at the San Jose-based online auction powerhouse acknowledged this week that they’ll have a hard time getting new customers in mature markets, and they say they’ll rely on overseas consumers – particularly the Chinese – to sustain scorching growth rates.

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