Ebates, a provider of coupons, discounts and cash-back promotions for online purchases, has acquired comparison shopping web site Extrabux and launched its China-based web site, Ebates.cn. Financial terms of the acquisition have not been disclosed.
Extrabux Cofounders Jeff Nobbs and Noah Auerhahn will assume leadership positions in Ebates’ China operations. Nobbs will manage the China operations out of its new Shanghai office, and Auerhahn will oversee product innovation and development for the Chinese-language site.
“Becoming part of Ebates will further our goal of advancing and improving global ecommerce,” said Jeff Nobbs of Extrabux. “I am excited to lead our efforts in China, and fulfill our vision to provide Chinese shoppers with the same exceptional savings opportunities enjoyed by consumers in North America.”
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Ebates.cn will offer members cash back, coupons and special deals from more than 1,000 retailers including eBay, Macys.com, Sierra Trading Post and Vitacost.
Membership in Ebates is free and allows shoppers to earn a percentage of every purchase paid in the form of a check, through PayPal, by gift card or directly to a member’s credit card.
