KHC investments begin: 2000
Based: San Jose, California, USA
Awards & Medals
2012 - eBay wins a PG&E Integration Award
2011 - eBay Inc. Scores 100% on Corporate Equality Index. This is the third consecutive year that eBay has been recognized as one of HRC’s ‘Best Places to Work’ in the United States.
2008 - Most Trusted Companies for Privacy Award: eBay is #1 Internet Company. Awarded by the Ponemon Institute.
2007 - eBay Inc. Recognized by the President of the United States and awarded the 2007 National Medal of Technology and Innovation.
Kingdom Holding Company has a significant interest in eBay. KHC acquired its stake in the leading online auction website eBay in a move which built upon the knowledge and success of earlier new media investments (Netscape and AOL). As early investors in the Internet boom, KHC used its industry knowledge to capitalize on the increasing trend of consumers buying and selling online.
With more than 100 million active users globally in 2011, eBay is the world's largest online marketplace, where practically anyone can buy and sell practically anything. The company was founded as AuctionWeb in San Jose on September 3, 1995, by French-born Iranian-American computer programmer Pierre Morad Omidyar. Millions of items are sold on the site daily, ranging from technology to fashion to cars.
eBay connects a diverse and passionate community of individual buyers and sellers, as well as small businesses. Their collective impact on ecommerce is staggering: In 2011, the total value of goods sold on eBay was $68.6 billion -- more than $2,100 every second.
eBay’s additional holdings include: PayPal, one of the leading ways to pay and be paid online, available in 190 markets and 24 currencies; Shopping.com; Half.com; Stubhub, an online aftermarket for game, concert and theater tickets; and Bill Me Later, a leader in digital payments and flexible financing programs.