Auction on the Internet

Auction on the Internet

JAKARTA (JP): Local on-line auction service provider
Lelang2000.com announced on Tuesday plans to invest about US$2
million to further develop its site.

The company said its business had shown good growth with
nearly 3,000 local Internet users becoming members of the
service, with about 776 of them participating in the sales and
auctions held on the company's website.

Lelang2000.com, which first went on-line in December last year
with an initial investment of $200,000, allows its members to
sell and buy items, including antiques, collectible postage
stamps and phone cards and various household appliances, over the
Internet.

The company said it would cooperate with retailers and
Internet cafes to open outlets for Lelang2000.com members to
display their offered items. (cst)