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EBay, Yahoo Japan To Link Up Auction ServiceseBay and Yahoo Japan will link up their auction sites to make cross-border bidding easier, in a deal that will give U.S. auction titan eBay another chance to woo lucrative Japanese consumers. Shares in Yahoo Japan, owner of the nations biggest auction website, rose 3.9 per cent to 56,400 yen on news of the deal. eBay pulled out of Japan in 2002 after only two years, a rare failure for the worlds largest online auctioneer, after struggling to make inroads to a market where Yahoo Japan and Rakuten already operated well-established sites. eBay and Yahoo Japan, which together have about 4 trillion yen ($US36 billion) in annual successful bids, will first launch a Japanese-language site on which Yahoo Japan users can bid for eBay items, spokesmen from the two firms said. The companies will introduce the site, called Sekaimon or "Gateway to the world", at a news conference at 11 a.m. (0200 GMT) in Tokyo. The Web address is http://www.sekaimon.com Yahoo Japan, which estimates it has more than half of the online auction market in Japan, is owned about one-third by Yahoo and 40 per cent by Softbank Corp Softbanks shares gained 2.1 per cent to 2,665 yen. EBay has been seeking local partners to boost its Asian operations in the face of mounting competition. In China, it is working on a joint venture with Tom Groups Tom Online to compete against Alibaba.com In Thailand it plans to launch a joint site with domestic partner Sanook. Yahoo Japan said Shop Airlines, a unit of online sales services firm NetPrice will manage the site, payment services, customs clearance and delivery. NetPrices shares were untraded but bid at 69,000 yen, up 7.8 percent from the previous days close. Reuters Tag CloudExternal InformationAdditional InformationAustralia Condemns YouTube Video...Bits: How Do They Track You? Let Us Count the Ways... Spotty Leopard irks Mac users... Internet Censorship Spreading, Study Finds... Where Am I?News Main Page - Business - EBay, Yahoo Japan To Link Up Auction Services |
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