ebay's silence begins to exert its chance of ploughing the transnational trading market

Absrtact: In the U.S. home E-commerce market, EBay is quiet, and it began to exert the opportunity to work on cross-border trading market. Ebay has acquired a machine translation technology and a team from a company that can improve the translation of trading information, while the ebay flag

In the U.S. home E-commerce market, ebay is quiet, it began to exert the opportunity to work on cross-border trading market. ebay has purchased a machine translation technology and a team from a company that can improve the translation of trading information, while PayPal, the ebay's payment giant, has also launched a passport to introduce market opportunities in countries.

It is reported that 20% of ebay's turnover is now a cross-border transaction, and one out of every three new users has traded across the border. It is clear that ebay needs to become more global and internationalized.

Previously, ebay used a Google (microblogging) translation tool to conduct trans-language translations of trading information, but found that the level of translation on business transactions was unsatisfactory. ebay then set up an in-house team to study machine translation technology.

A few days ago, ebay announced the acquisition of machine translation technology and teams from the AppTek company in Virginia State, USA. This company and the same name application software, mainly engaged in machine translation and speech recognition technology.

The amount of the deal is not yet known, but ebay will get 8 people, including a founder of AppTek. After the acquisition is completed, ebay will also continue to give the relevant translation technology to government departments and other customers. In addition to the talent team, ebay will also receive important assets such as machine translation corpus, according to ebay executives.

The acquisition, the media said, would greatly improve ebay's machine translation and cross-border trading services.

Coincidentally, in the last Friday, ebay's payment maker PayPal also launched a website called Passport, which specializes in helping companies understand the business environment, trading opportunities, local customs, logistics and delivery infrastructure in overseas countries. PayPal, which wants to use its products, can tap into trading opportunities overseas.

In this site, PayPal also links to the parent company ebay provides Cross-border trading tools.

Many American merchants began to covet China's online shopping market, PayPal also introduced China's situation, such as China's unique "Singles Day", said the festival's network sales have surpassed the United States Christmas Holiday "black Friday."

A PayPal executive said the purpose of the "Passport" website was to help companies understand customs, gift habits, and taboos to eliminate problems in cross-border transactions and commodity distribution. Morning）