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Exit

Acquired byeBay
Price$150M
Date7/2003
TermsCash

General Information

Websiteeachnet.com
CategoryeCommerce
Employees
Founded8/1999

Offices

Shanghai, CHN

People

CEO and Co-Founder

Funding

VENTURE FUNDING
Series B, 1/1999
IDG Capital Partners
Series C, 11/1999
Orchid Asia Group Management
Series D, 10/2000
Orchid Asia Group Management

Tags

EachNet

EachNet.com was established in August, 1999 by two companies including Shanghai Eachnet Information Co., Ltd and Shanghai Eachnet Commercial Co., Ltd.

In March 17th, 2002, eBay–the biggest e-commerce company in USA, and EachNet formed a strategic business relationship. EBay have invested $30 million in cash to acquire a part of interest in EachNet on a fully diluted basis. Then EachNet became a member of eBay in June 2003 with another $150 million investment by eBay. In July 2004 EachNet launched its new brand “eBay-EachNet”.

Recent Milestones

  • Handshake
    EachNet was acquired by eBay for $150M. (7/16/03)
    Posted 10/6/08 at 12:06pm via ebay.com
  • Dollar
    EachNet received in Series D funding. (10/1/00)
    Posted 1/17/14 at 4:35am
  • Dollar
    EachNet received in Series C funding. (11/1/99)
    Posted 1/17/14 at 4:36am
  • Dollar
    EachNet received in Series B funding. (1/1/99)
    Posted 1/17/14 at 4:36am
  • Check
    EachNet added Haiyin Tan as CEO and Co-Founder.
    Posted 1/17/14 at 9:01am

Videos

Screenshots

EachNet screenshot
Above: EachNet Screenshot -- #1
Uploaded: 2/12/14

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Livegraph

Compete

Eachnet

Sources

  1. eBay Completes EachNet Investment (investor.ebay.com) [edit]
  2. Citation Needed [add]
  3. Citation Needed [add]
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Last Edited 3/14/14

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