eBay 'millionaire' sellers in Germany and UK grow 50% in four years
eBay's two big European markets were collectively
responsible for 30 per cent of eBay's total net revenue
of nearly $9bn last year
“Millionaire” online businesses selling on e-commerce
site eBay have jumped 50 per cent in key international markets Britain andGermany in the last four years,
despite currency swings that have slowed growth
outside the United States.
responsible for 30 per cent of eBay's total net revenue
of nearly $9bn last year
site eBay have jumped 50 per cent in key international markets Britain andGermany in the last four years,
despite currency swings that have slowed growth
outside the United States.
Fresh data published on Tuesday by eBay shows
the number of million euro businesses selling on eBay
grew to 1,095 from 731 in Germany last year since 2013
while million pound-plus businesses rose to 663
from 443 in Britain over the same time period.
the number of million euro businesses selling on eBay
grew to 1,095 from 731 in Germany last year since 2013
while million pound-plus businesses rose to 663
from 443 in Britain over the same time period.
eBay's two big European markets were collectively
responsible for 30 per cent of eBay's total net revenue
of nearly $9bn (£6.98bn) last year, although reported
revenue in both markets dipped amid currency
declines against the US dollar.
responsible for 30 per cent of eBay's total net revenue
of nearly $9bn (£6.98bn) last year, although reported
revenue in both markets dipped amid currency
declines against the US dollar.
While the company founded 22 years ago started out
as an online auction site for consumers to trade
second-hand goods, 80 per cent of merchandise now
sold via eBay is new, largely fixed-price items, the company
reported in the first quarter of 2017. Two examples
in the north of England are MusicMagpie.co.uk, which
buys used CDs, DVDs and electronics from consumers
for resale on eBay in more than 140 countries, and cycling
accessory seller MaxGear, now a £3.5m a year business.
as an online auction site for consumers to trade
second-hand goods, 80 per cent of merchandise now
sold via eBay is new, largely fixed-price items, the company
reported in the first quarter of 2017. Two examples
in the north of England are MusicMagpie.co.uk, which
buys used CDs, DVDs and electronics from consumers
for resale on eBay in more than 140 countries, and cycling
accessory seller MaxGear, now a £3.5m a year business.
Commercial sellers in eBay's five main European markets -
Germany, Britain, Italy, France and Spain - export,
on average, to 20 different countries a piece, said
Phuong Nguyen, eBay's senior director of seller growth,
highlighting the international focus for many of its small
and medium-sized export businesses.
Germany, Britain, Italy, France and Spain - export,
on average, to 20 different countries a piece, said
Phuong Nguyen, eBay's senior director of seller growth,
highlighting the international focus for many of its small
and medium-sized export businesses.
The United States grew 6.7 per cent to $3.87bn in 2016,
making up 43 per cent of total eBay revenue, while the rest
of Europe and other international markets gained 9 per cent
in US dollar terms for the remaining 27 per cent of company
revenue. The third largest country in Europe for millionaire
businesses is Italy, where million euro-plus businesses rose
55 per cent to 93 from 60 in the four years ending in 2016.
making up 43 per cent of total eBay revenue, while the rest
of Europe and other international markets gained 9 per cent
in US dollar terms for the remaining 27 per cent of company
revenue. The third largest country in Europe for millionaire
businesses is Italy, where million euro-plus businesses rose
55 per cent to 93 from 60 in the four years ending in 2016.
Other major international markets include Australia,
South Koreaand its cross-border business in greater China,
eBay said. eBay is scheduled to report its second-quarter
results on July 20, when it is expected to report a
3.6 per cent rise in net revenue to $2.31bn, according
to Thomson Reuters data.
South Koreaand its cross-border business in greater China,
eBay said. eBay is scheduled to report its second-quarter
results on July 20, when it is expected to report a
3.6 per cent rise in net revenue to $2.31bn, according
to Thomson Reuters data.
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