www.businessweek.com/globalbiz/content/oct2007/gb200710 -
[Cached Version]
Published on: 10/29/2007
Last Visited: 10/30/2007
Sam McDonagh, director of eBay Southeast Asia, is optimistic about the online marketplace's growth prospects, not just in Singapore, but in the whole region
...
Sam McDonagh, director of eBay Southeast Asia, told ZDNet Asia in an interview: "We're very optimistic about the growth of the market, and it is not just Singapore but the Southeast Asia region."
eBay currently operates three full-fledged sites, where members can buy and sell online, in Singapore, Malaysia and the Philippines, as well as what it calls "promotional sites" which have no trading functions in emerging markets like Vietnam.
The online auction service company has been busy these past months, engaging in activities to shore up its position in the region.These include a tie-up with the recently held Singapore Fashion Week, where it created a microsite offering eBay's 240 million members worldwide a window into Singapore fashion, and a partnership with Singapore operator M1 to make the online marketplace easily accessible on mobile phones.
Even though using mobile devices to conduct e-commerce is still at the "early stages in Asia or other parts of the world," McDonagh said "mobile is very important to eBay in the near and medium term."
"The great thing about mobile is it provides folks with busy lifestyles a convenient way to buy and sell while they are on the go.As technology continues to evolve, the ability to transact over the mobile phones will improve," he added.
...
You can browse, but you can't buy or sell," McDonagh explained.
eBay also has its eye on Vietnam and Indonesia, but these local sites are merely promotional sites due largely to online payment restrictions in those countries, McDonagh said.
Although eBay has kept a strong local appeal in its Southeast Asia marketplaces, McDonagh said, eBay's value proposition is its global member base.
"It's not just a domestic proposition," McDonagh said.