EBay Has This New Ploy to Rule Europe

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

eBay

EBay Inc. (NASDAQ:EBAY) has purchased Belgian classified-ad websites 2dehands.be and the French-language version 2ememain.be as the e-commerce giant continues to make international acquisitions a priority in an attempt keep up with competition from sites like Amazon.com Inc. (NASDAQ:AMZN) and Google (NASDAQ:GOOG).

The sites are the two biggest for classified ads in Belgium and, although Belgium is far from the top e-commerce market in Europe, the acquisition shows that EBay believes it can continue to grow internationally. EBay also plans to use its resources to update the classified-ad sites, which will become a part of the Classifieds Group, which runs local classifieds sites in 25 countries and 1,000 cities around the world.

The move also shows that EBay won’t ignore less tech-forward areas of the e-commerce market like classified ads. Many classified sites like Craigslist have been criticized for being slow to innovate, but EBay said in a statement on the acquisition, “2dehands.be and 2ememain.be will remain free, local Belgian sites and by joining forces with the eBay Classifieds Group, will benefit from the innovative technologies found across eBay’s  global portfolio of classifieds businesses.”

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business