Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

eBay Inc (EBAY) Is Not Going To Hold Its Horses In India

eBay Inc (NASDAQ:EBAY) is not going to let the troubles of its rivals affect its growth plans, as it seeks to expand its market share in the high margin lifestyle category, in India.  In an article on The Financial Express, Sayan Chakraborty revealed the next phase of eBay Inc (NASDAQ:EBAY)’s expansion plans in the country.


Chakraborty quoted Latif Nathani who is eBay Inc (NASDAQ:EBAY) India’s managing director as saying that, “We have seen very good growth this year in the lifestyle segment, which came from attracting a lot of brands. We want to focus on that part since it is a huge opportunity.”

These brands that Nathani talked about include names like, French Connection, Puma, Cotton World and W, according to Chakraborty.

India’s e-commerce business is on the rise and so is its upper middle class which can afford these brands. eBay Inc (NASDAQ:EBAY) wants to cash in on this opportunity which as Nathani was quoting as saying that the company missed out on initially. eBay Inc (NASDAQ:EBAY) plans to catch up on it.

What is interesting is that eBay Inc (NASDAQ:EBAY) remains undeterred by the regulatory troubles its rivals are facing. eBay Inc (NASDAQ:EBAY) still has faith in the Indian e-commerce market and believes that it is an investor friendly government at the country’s helm., Inc. (NASDAQ:AMZN) and Flipkart would beg to disagree though. The other competitors didn’t have as smooth a ride as eBay Inc (NASDAQ:EBAY). Chakraborty reported that, Inc. (NASDAQ:AMZN) ran into trouble with the taxman over the issue of value-added tax in Karnataka. Flipkart on the other hand was found violating the country’s FDI laws., Inc. (NASDAQ:AMZN) blamed India for its outdated laws which the company thought didn’t keep pace with the technological advancement, according to Chakraborty. However,  it seems that it is business as usual for eBay Inc (NASDAQ:EBAY) as it shows little concern whether these laws are outdated or not.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!