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To: RealMuLan who wrote (25155)	3/8/2005 11:33:49 PM
From: RealMuLan	Respond to of 116555

EBay Says 'Strong Start' to China Business in 2005 Tue Mar 8, 2005 02:27 PM ET SAN FRANCISCO (Reuters) - EBay Inc.'s (EBAY.O: Quote, Profile, Research) Web marketplace business in China is off to a good start this year and the company's overall ability to generate healthy operating margins is "completely intact" despite big investments, eBay's chief financial officer said on Tuesday. CFO Rajiv Dutta repeated the company's 2005 financial targets set in January and said eBay had 10 million registered users in China. "(It's been a) strong start to 2005," he said at a Lehman Brothers conference in Half Moon Bay, California, south of San Francisco, which was monitored by Webcast. San Jose, California-based eBay also said in January it would increase its 2005 investments in key areas, particularly China and its online payment service known as PayPal, from $200 million to $300 million, and would sacrifice some short-term earnings growth to bolster long-term growth strategy. Of that amount, $100 million -- about 2 percent of eBay's expected global revenue -- is earmarked for China, which eBay expects to be one of its biggest markets in coming years with a population of more than 1 billion that continues to see purchasing power rise as the economy develops. EBay, which has users of its online buying and selling service in about 150 countries, started making investments in China about 2 1/2 years ago, Dutta said. reuters.com