Alibaba.com Ltd. agreed to buy Auctiva, which makes online selling tools geared toward eBay users. Terms of the transaction were undisclosed. The company offers tools for listing and marketing merchandise online, and for operating online stores, both on eBay Inc.’s main website and on other e-commerce sites. It has more than 170,000 active members.
Alibaba said the purchase of Auctiva, along with its acquisition of similar company provider Vendio Services Inc. in June adds over 250,000 customers to its overall business. Source: Alibaba Press Release