eBay paid $573 million to buy Japanese e-comm platform Qoo10
US-based e-commerce major eBay paid $573 million in May to buy Japanese e-commerce platform Qoo10, according to filings. The deal consisted of $306 million in cash and $266 million worth shares in Giosis, the Singapore-based parent of Qoo10. Launched in 2010, Qoo10 was created as a hyperlocal marketplace that allows large and small merchants to sell their products across Asia.