US-based e-commerce giant eBay closed the past Christmas quarter with an increase in turnover, delivering above expectations. Revenues increased by 2% year-on-year to around $2.6 billion, eBay said after the US stock exchange closed on Tuesday. Profits increased by almost 8% to $724 million. The quarterly figures exceeded analysts’ expectations and the share price rose by around 4% at times in after-hours trading. EBay is in fierce competition with Amazon and Chinese online retailers such as Temu and Shein. The number of active buyers on the platform remained unchanged at 132 million for the t…