eBay Inc. is dancing, singing while reporting a 50% jump in second quarter earnings, largely due to strong growth in online payments business.
In the second quarter the company had revenues of $1.83 billion up 30% from last year.
The company hopes for revenue of $7.3 billion for the year...while it gets its butt seriously kicked in China.
More people go online...China's Internet population grew by 30% last year = more people and businesses do more online. The company is supposed to grow.
Churches are supposed to grow just because people in the church have babies...but they
don't ...grow that is.Businesses should be seeing more money coming in just because there are more people with more money out shopping.
What about market share? What about growth in relation to increase in number of potential customers.
Taobao is showing eBay how to do business in the latter.
