May 3, 2007 8:52 AM PDT

eBay takes stake in Turkish e-commerce site

eBay announced Thursday it acquired a minority stake in GittiGidiyor.com, an online marketplace in Turkey. The e-commerce site has more than 400,000 listings and has a format similar to eBay's.

The region has more than 17 million Internet users, representing a quarter of the country's total population. Turkey is the 37th local market that eBay has entered with its online auction service.

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You could reach to updated market news and latest statistics about Turkish E-commerce industry from here: http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http://interneticaret.blogspot.com/&sl=tr&tl=en
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