The latest development came Thursday, when eBay said it would pay up to $1.2 billion for Gmarket, an online marketplace in South Korea that it hopes will be a springboard into other parts of Asia, where it has had limited success.
Read more at: E-Bay moves into Asia
Chinese internet giant Alibaba Group has partnered with Japanese apparel retailer Fast Retailing Co for online sales in China, the Wall Street Journal reported. Fast Retailing’s flagship clothing chain Uniqlo will collaborate with Taobao.com, Alibaba’s consumer e-commerce site in which customers can make purchases either from branded stores or from other users via online auctions.
Read more at: Alibaba's new partnership