Thursday, December 6, 2007

Yahoo and eBay tie up for Online Auctions



Yahoo Japan President and CEO Masahiro Inoue and eBay International President Lorrie Norrington shake hands after announcing their tie-up in online auction market in Tokyo Tuesday, Dec. 4, 2007. Yahoo Japan Corp. and eBay Inc. agreed Tuesday to team up in online auctions, planning services for next year that will make it easier for consumers to buy things via the Internet from the U.S. and Japan.
Source



As seen in the pic above, Yahoo and eBay have tied up for Online Auctions. We all know, that eBay is the leader of online auctions, but when it comes to Japan, Yahoo! has a dominant position.

The dominance lies to such an extent that eBay had to leave the markets of Japan in 2002. This tie-up will result into a return-back of eBay to Japan.

Actually, Yahoo Japan Corp. and eBay Inc. said Tuesday they have agreed to team up in online auctions, planning services for next year that will make it easier for consumers to buy things via the Internet from the U.S. and Japan. This services will be available to consumer by March.

Resulting from this tie-up, users of Japan will be able to bid for eBay items from the Yahoo! Auction site. And by middle of the next year, a site will be set up that will allow Americans to buy Yahoo Japan auction items through the eBay site.
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