- eBay Inc. (Nasdaq: EBAY) announced it is buying 3PM Shield. These are the details.
eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, and 3PM Shield LLC, a provider of advanced AI-based marketplace compliance solutions, announced that eBay has acquired 3PM Shield.
This deal further enhances eBay’s world-class monitoring solutions with new technologies designed to prevent the sale of counterfeit items, unsafe products, and illegal goods. Bringing 3PM Shield to eBay is part of eBay’s ongoing commitment to provide sellers and buyers with a safe and trusted platform enabled by technology. And 3PM Shield enhances eBay’s ability to address suspicious or harmful seller behavior and potentially problematic items.
KEY QUOTES:
“It is a top priority to help ensure that eBay remains a safe and trusted environment for our global community of sellers and buyers, particularly to prevent counterfeits and unsafe or illegal products. 3PM Shield has been a valued and effective external partner in helping eBay tackle these challenges and we look forward to unlocking additional capabilities as we bring their technologies in-house.”
— Zhi Zhou, Chief Risk Officer at eBay
“3PM Shield was founded to provide next-generation eCommerce monitoring to protect trust in the buyer and seller relationship. We’re proud to partner with eBay, and I am excited that eBay’s investment will help us accelerate the impact of our cutting edge technology to combat counterfeits, unsafe products and illegal items.”
— Robert Dunkel, founder and CEO, 3PM Shield
