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eBay's sees Q2 income double

  • Online retailer and auction site eBay has said its income doubled in the second quarter on the back of higher revenue from its PayPal payment business.

    Income from its e-commerce sites was also higher.

    EBay reported net income of $692m for the three months to the end of June, compared to $283 million in the same period last year.

    Revenue for the business increased by 23 percent to $3.4 billion.