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eBay: buys Giosis division to expand in Japan

(CercleFinance.com) - eBay has said that it has acquired Giosis' Japanese business, including the Qoo10.
jp online marketplace, to expand in one of the largest e-commerce markets in the world.

The company said it will be able to broaden its presence on a "dynamic, underpenetrated market with strong e-commerce potential and high mobile adoption."

eBay already had a stake in Giosis, which runs several localized marketplaces in Asia.

The financial terms of the deal have not been disclosed.

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