EcommerceBytes-NewsFlash, Number 190 - October 25, 2001     2 of 7

eBay Announces New International Site: eBay Singapore

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eBay has launched eBay Singapore, joining country-specific sites in Austria, Australia, Canada, France, Germany, Ireland, Italy, Japan, Korea, New Zealand, Switzerland and the UK. Singapore is a good location for eBay to make inroads into Asia. In 2000, eBay Singapore had 1.74 million Internet users. According to CIA Factbook, "Singapore is blessed with a highly developed and successful free-market economy, a remarkably open and corruption-free business environment, stable prices, and the fifth highest per capita GDP in the world. Exports, particularly in electronics and chemicals, and services are the main drivers of the economy. Mainly because of robust exports, especially electronic goods, the economy grew 10.1% in 2000. Forecasters, however, are projecting only 4%-6% growth in 2001 largely because of weaker global demand, especially in the US. The government promotes high levels of savings and investment through a mandatory savings scheme and spends heavily in education and technology. It also owns government-linked companies (GLCs) - particularly in manufacturing - that operate as commercial entities. As Singapore looks to a future increasingly marked by globalization, the country is positioning itself as the region's financial and high-tech hub." http://www.cia.gov/cia/publications/factbook - scroll down the left column and click on Singapore http://pages.ebay.com/sg/welcome.html


About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.


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