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Corporate

Jul. 1, 2003

EBay Sees Future in China, Ups Stake in Auction Site

EBay Inc. is boosting its investment in an online auction company serving the Chinese market. San Jose-based eBay has agreed to pay $150 million to buy the two-thirds of EachNet Inc. that it doesn't already own. Delaware-based EachNet operates the Web site eachnet.com, where 2 million users trade items such as clothing, computers and antique calligraphy.

By Toni Vranjes
        EBay Inc. is boosting its investment in an online auction company serving the Chinese market.
        San Jose-based eBay has agreed to pay $150 million to buy the two-thirds of EachNet Inc. that it doesn't already own. Delaware-based EachNet operates the Web site eachnet.com, where 2 million users trade items such as clothi...

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