Retail in Asia

In Trends

eBay sees quarterly profits rise

Online retailer and auction site eBay has reported an increase in first-quarter sales and profit.

EBay said first-quarter profit was USD725 million, up from USD619m a year earlier. Revenue was USD3.3 billion, up 29 percent on 12 months ago.

Results were again boosted by strong performance from its online payments unit Paypal, which accounted for about 40 percent of total revenues.

(Source: BBC News)