eBay

eBay is a globally renowned e-commerce company founded in 1995 and headquartered in San Jose, California. Originally founded by Pierre Omidyar, it was originally called AuctionWeb and later officially renamed eBay in 1997.

eBay started as an online auction platform primarily for transactions between individual users, providing a venue where buyers and sellers could buy and sell a wide range of goods and services. Over time, eBay has gradually expanded its business scope to include fixed-price sales, electronic payments (such as PayPal), and logistics support. eBay’s business model primarily generates revenue by charging a placement fee and a closing fee for each auction, and provides payment services by partnering with PayPal.

eBay has multiple sites around the world, covering many countries or regions and regions, such as the United States, the United Kingdom, Australia, China, etc. In the Chinese market, eBay once became an important platform for cross-border e-commerce, especially between 2005 and 2007. Many Chinese sellers sold foreign trade through eBay, but then the user experience gradually declined due to the prevalence of counterfeit goods and logistics problems.

eBay uses an innovative feedback system to manage the transaction community, where buyers and sellers can rate each other to ensure the security and transparency of transactions. In addition, eBay continues to optimize the user experience through technological innovation, such as the introduction of instant purchases, machine learning pricing mechanisms, and more.

eBay is committed to becoming the world’s leading online marketplace, enhancing user experience and market competitiveness through technological innovation and strategic investment. Its vision is to become the world’s number one shopping destination, providing consumers with the best online shopping experience.