Tech Industry

eBay opens shop in Poland

Online auction giant eBay has set up shop in Poland, the company announced on Friday.

Online auction giant eBay has set up shop in Poland, the company announced on Friday. People in the Eastern European nation now can use a dedicated Web site to do online trading using the Polish currency, the zloty. Citing figures from market researcher IDC, eBay says business-to-consumer e-commerce in that country is expanding rapidly. It's expected to jump nearly 400 percent over the next three years, from $319 million to $1.2 billion.

Earlier this week, eBay reported first-quarter net income of $256.3 million, or 19 cents per share, and revenue of $1.03 billion.