China’s e-commerce giant takes on eBay and Amazon

By David Piper

Published June 13, 2014

FoxNews.com

There’s a new kid on the block looking to take on eBay and Amazon.

At first glance you may think 11Main.com is just another Internet startup that will quickly fade and disappear, as have so many others that tried to compete with the big boys. But 11 Main has a big brother in the form of Alibaba, the largest company in China’s vast e-commerce marketplace.

Alibaba will list in the U.S. later this year with an initial public offering likely to raise as much as $16 billion. Analysts believe the decision to start 11 Main now is an attempt to feed off the publicity of the upcoming listing.

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EBay's Massive Security Breach: What It Means for You

IMAGE: ANDREW HARRER/BLOOMBERG/GETTY IMAGES

BY SAMANTHA MURPHY KELLY

eBay is the latest victim of a cyberattack — and if you are one of the 145 million users with an active account, or even one of the many millions more with inactive accounts, you may well be affected.

While eBay is urging users to update their passwords immediately (here's how to do that), many are left wondering what this means for their data and what they can do to keep it safe.

SEE ALSO: How to Protect Yourself From the Heartbleed Bug

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