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In early 2001, eBay bought iBazar which allowed them to step into a Latin America market ? Brazil. However, the acquisition was driven by the European market. Thus, Latin America wasn't the main focus of this action. But Brazil was a good start. Brazil was already among the top twenty global e-commerce markets and representing over half of the region's e-commerce activity.
According to an IDC study, the internet user in Latin America area will grow 40 percent per year between 2001 and 2005. The online trade was expected to be worth $72 billion in Latin America by 2005. Mexico and Brazil would be the largely dominated...
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