This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

eBay Launches Classified Service

Updated from 4:41 p.m. EST

Months after its purchase of a 25% stake in Craig's List, a network of community sites based mostly in the U.S., eBay (EBAY) launched its own collection of online classified sites called Kijiji.

eBay's stake in Craig's List -- as well as its purchases of Rent.com in the U.S., Mobile.de in Germany and Marktplaats.nl in the Netherlands -- had led to speculation that the online retail giant would move more aggressively into the classified ads space. eBay had played coy when asked about its plans, which became more clear with Kijiji's launch.

Classified ads have long been an adjacent market that eBay could easily move into. Not only do they allow people to find goods locally that are hard to sell on eBay's sites -- notably, large items like refrigerators and furniture -- but it also opens the door to services like finding a babysitter, making travel arrangements, renting an apartment, getting a restaurant recommendation or finding a date for the weekend.

Kijiji is launching in 50 cities in Canada, China, France, Germany, Italy and Japan -- and it's not an accident that they are all countries where Craig's List has not established a strong beachhead.

"Because of the minority investment eBay has in Craig's List, we are supportive of their success," says Hani Durzy, an eBay spokesman, who said Kijiji has no plans for now to operate sites in the U.S. Both will have classified sites in Canada, but Kijiji's will be in French.

Kijiji's listings are free of charge, and eBay said the initiative wouldn't materially affect the company's revenue in 2005. "Kijiji may decide to monetize it down the road," said Durzy. "As with eBay, we're not directing how people use it, we'll let it grow organically." Depending on how the sites evolve, Kijiji may also take on functionality of eBay's sites, such as feedback scores for buyers and sellers.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs