Bidorbuy
Encyclopedia
Bidorbuy is South Africa
's largest internet auction
website, run by bidorbuy (Pty) Ltd. Andy Higgins founded the site in August 1999 when the South African site was first launched. During this period the company also launched or was in the process of launching a number of other internet auction websites around the world including India, Australia, Israel, Brazil, Argentina, Mexico, Italy and Spain. Following the Dot-com bubble
of 2000 the company consolidated its operations retaining only the South African, Indian and Australian websites. The Australian website closed in 2001 and the Indian website was acquired by Baazee.com (subsequently purchased by EBay
in 2004 to become eBay
India ) now leaving the South African site as the only independent site operated by the company.
In January 2007 the company announced it had bought a 22% stake in the South African online price comparison service
website, Jump Shopping.
In August 2010 Bidorbuy.com, a Delaware Company and the parent of bidorbuy.co.za, announced that it had acquired a 33% stake in South African online payment solution, PayFast.
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
's largest internet auction
Online auction business model
The online auction business model is one in which participants bid for products and services over the Internet. The functionality of buying and selling in an auction format is made possible through auction software which regulates the various processes involved.Several types of online auctions are...
website, run by bidorbuy (Pty) Ltd. Andy Higgins founded the site in August 1999 when the South African site was first launched. During this period the company also launched or was in the process of launching a number of other internet auction websites around the world including India, Australia, Israel, Brazil, Argentina, Mexico, Italy and Spain. Following the Dot-com bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
of 2000 the company consolidated its operations retaining only the South African, Indian and Australian websites. The Australian website closed in 2001 and the Indian website was acquired by Baazee.com (subsequently purchased by EBay
EBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
in 2004 to become eBay
EBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
India ) now leaving the South African site as the only independent site operated by the company.
In January 2007 the company announced it had bought a 22% stake in the South African online price comparison service
Price comparison service
On the internet, a price comparison service allows individuals to see different lists of prices for specific products. Most price comparison services do not sell products themselves, but source prices from retailers from whom users can buy...
website, Jump Shopping.
In August 2010 Bidorbuy.com, a Delaware Company and the parent of bidorbuy.co.za, announced that it had acquired a 33% stake in South African online payment solution, PayFast.
Also see
- Online auction business modelOnline auction business modelThe online auction business model is one in which participants bid for products and services over the Internet. The functionality of buying and selling in an auction format is made possible through auction software which regulates the various processes involved.Several types of online auctions are...
- Classified advertisingClassified advertisingClassified advertising is a form of advertising which is particularly common in newspapers, online and other periodicals which may be sold or distributed free of charge...
- Junk Mail PublishingJunk Mail PublishingJunk Mail Publishing is South Africa's leading publisher in the Classified advertising industry, publishing various products through different Media such as print, World Wide Web, Mobile Web, SMS, and Phone.-History of the company:...
- eBayEBayeBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...