You must be aware that there are a lot of e-commerce platforms around the world and it is worth noting that while all of them are famous for selling the products from different brands, there is one platform that has established itself as the go-to store for buying used items as well as items that are refurbished. The platform we are talking about is Ebay and it is around since a long time and if it had been managed well and placed on the right direction, it could have been on the same level as Amazon right now.
Anyways, we are here to talk about Ebay and the fact that they have appointed Vidmay Naini as its new head of emerging markets business and Naini will cover growth of Ebay’s business in Southeast Asia, India, Eastern Europe, Israel, the Middle East and Africa as well as Latin America. On his new position, Naini said “the digital economy is exponentially growing in these markets, with small and medium-sized businesses propelling its growth. Global e-commerce platforms such as eBay can revolutionize export opportunities and expand the reach these businesses can achieve.”
He added that he is seeing quite a lot of growth in Ebay’s business for Southeast Asia and added that “We’ve seen significant growth in our business, especially with the SMBs selling from this region to the world. The truth is, we are just scratching the surface because we see eBay as a very nascent business here still, and we expect it to grow multifold.” It is worth noting that prior to this appointment, Naini was also instrumental in eBay’s strategic investment in Flipkart, which is now worth a lot.
As far as this announcement is concerned, Ebay does not have its own presence in India right now but the fact that they have an investment in Flipkart means that Naini will also be responsible for overlooking that part as well. As far as other parts of Southeast Asia are concerned, Ebay does have a thriving business there which means that his focus will be to expand the business there and even bring back Ebay to India if possible.
