eBay Sets Up Shop in China to Boost Exports

eBay Inc. (NASDAQ:EBAY) has plans to establish an international base in Chongqing, China, Bloomberg reports Wednesday. The international hub will aim to help increase exports. On December 03, 2010, eBay was downgraded to Hold from Buy at Citigroup. The company has reported $9.0 billion in sales over the past 12 months and is expected to report $10.2 billion in sales in the next fiscal year.

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