After acquiring Vendio just a couple months back, Alibaba just purchased Auctiva. Vendio and Auctiva run in the same circles, but according to the FT, “Auctiva is larger, processing about $5bn in goods annually versus $2bn at Vendio, said Alibaba chief executive David Wei.”
This is part of Alibaba’s $100M plan to invest in AliExpress, encouraging sellers to source products from China.
Who will Alibaba buy next? Will this force eBay to make a move?
It will be interesting to see how Alibaba will consolidate Vendio and Auctiva’s tools. I especially wonder what eBay thinks of its Chinese rival now owning two important third-party vendors and having access to rich data about its sales and its sellers.
Posted by Brian Smith