A memorandum of understanding was signed between eBay Vice President Jeff Liao and IPIM Executive Director Echo Chan to promote local SMEs business.

As eBay’s worldwide presence grows, it continues to build new relationships across the globe. In May, the Macao Trade and Investment Promotion Institute (IPIM) and eBay signed a memorandum of understanding to promote e-commerce among small and medium-sized enterprises (SMEs) in Macau.

At the signing, which was attended by more than 100  representatives from businesses in Macau, Macao IPIM President Jackson Chang expressed his hope that the agreement and promotion will effectively help SMEs expand their business. Jeff Liao, eBay’s Vice President and CEO of Greater China, SEA and Japan, also shared that the number of Macau sellers and their transaction amounts on eBay has maintained a three-digital growth in the past two years, with the most active categories of export transactions being service and parts, mobile phones and accessories, as well as auto parts.

The collaboration with eBay is part of the IPIM’s E-Commerce Support Program that provides subsidies for eligible businesses in Macau to help cover fees related to starting an online business.  eBay will support by providing free consultation and waive each business’ first 200 fixed-price listings.