Matthew Zeitlin — Alibaba Sells More Than Twice As Much Amazon And eBay Combined

Enter the dragon.

The Chinese e-commerce site is just huge, with 307 million customers in the last year. Its Taobao mobile app has more users than the population of Texas.

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Alibaba Sells More Than Twice As Much Amazon And eBay Combined
Matthew Zeitlin

Digital Revolution—Smartphones and tablet computers drive online commerce

Online auction and financial transactions powerhouse eBay said Wednesday that profit in the recently ended quarter climbed as commerce shifts to smartphones and tablet computers.

The Silicon Valley company reported that its net income in the quarter ending September 30 rose to $490.5 million as revenue leapt 32 percent to $3 billion.

“Our company reported another strong quarter, with eBay, PayPal and GSI each performing well,” said eBay chief executive John Donahoe.

“Mobile commerce continues to accelerate as consumers change the way they shop and pay.”

Agence France-Presse via Raw Story reports eBay profit rises as shoppers turn to smartphones

Digital gaining ground.