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San Jose, CA, November 16, 2004 - eBay, the World's Online Marketplace, today announced the launch of eBay Philippines (www.ebay.ph), a new localized website designed to allow individuals and small businesses in that country to trade goods and services online.
The website is in English and allows members to buy and sell items using the Philippine peso. The site also features a simple format that allows new users to quickly and easily learn the eBay way of trading. Individuals and small businesses can list and sell their items on eBay.ph at no charge.
"The launch of eBay Philippines brings our successful online marketplace to a growing Internet market in Asia," said Bill Cobb, senior vice president of eBay International. "eBay's global community already includes many thousands of members in the Philippines, and we are happy to provide them with their own dedicated website."
Still in the early stages of development, online shopping in the Philippines is growing quickly. According to IDC's Internet Commerce Model (January 2004), business-to-consumer e-commerce is expected to grow from $828 million in 2004 to $2.9 billion in 2007. The launch of eBay's local website will allow the company to better serve its members in the Philippines, providing greater opportunity for local buyers and sellers to come together, build new local trading communities, and help expand the country's e-commerce.
About eBay
eBay (Nasdaq: EBAY; www.ebay.com) is The World's Online Marketplace®. Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world. Through an array of services, such as its payment solution provider PayPal, eBay is enabling global e-commerce for an ever growing online community.
