Web auction leader eBay Inc said on Monday it has agreed with Sanook, a Thai online portal, to launch a Web site in the country that will enable cross-border trade through eBay's global Web sites.
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The Thai-language local site is expected to launch in about five to seven months and will be managed and operated under a newly formed subsidiary of Sanook.
Sanook.com is a subsidiary of MIH Group, a wholly owned subsidiary of Africa's biggest media company, Naspers Ltd.
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