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: Leading online marketplace Baazee.com has rechristened itself ‘eBay India’. This follows the completion of integration process with Nasdaq-listed $3.3 billion eBay Inc, which acquired the former for a consideration of $50 million in August last year, making it a 100% subsidiary. eBay’s online marketplace is spread across 32 countries with over 135 million registered users. “Since last August, we initiated a five step integration process with eBay and now we will be called eBay.in,” Baazee.com CEO Avnish Bajaj said last week. Mr Bajaj said that Baazee.com has over one million registered users in India across 240 cities and with it becoming eBay.in, Indian sellers will be able to sell in 32 countries and Indian buyers can buy in the international marketplace at the cheapest possible price.
‘China worried’
Even as China’s software industry has achieved remarkable growth in recent years, it has displayed apparent weaknesses vis-a-vis India in this sphere. This has become a subject of much concern and debate in business circles and among officials and policy researchers in China. This was disclosed by Prof Feng Lu, head of China Centre for Economic Research at Beijing University. “The Chinese software industry is doing a remarkable job but is bothered by the brilliant performance of the Indian software sector,” Prof Lu told FE on the sidelines of a conference on ‘The China Miracle’ in New Delhi. “While the IT sector has played a critical role in the economic development for India and China, the growing pattern and structure of core competitiveness for the sector differ greatly between the two countries,” he said. Elaborating further, he said, “China’s IT sector in 2003 was $232.3 billion in which software sector accounted only for about 8.6%. China’s total IT sector export was $142.1 billion of which the share of software was barely over 1%. All are in sharp contrast with India.”
Another Dell centre
US-based $49-billion PC maker Dell Inc has unveiled plans to significantly expand its operations in India, with the launch of its third contact centre in Mohali, near Chandigarh. While it is looking at recruiting 1,500 professionals by end March 2006 for this centre, the management has ruled out setting up of a manufacturing facility in India. At present, the policies are not conducive to opening a manufacturing facility in the country, Dell chairman Michael Dell said. India has been an area of focus for Dell in the recent years, he said. “We see...
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