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EBay boom for million-pound firms

The number of million-pound businesses trading on eBay has grown 10-fold since the start of the recession, according to new figures.

The number of small firms trading online with a turnover of more than £1 million is set to reach more than 120 by the end of the year, a study found.

Jody Ford, of eBay, said: "It is tremendous to see this surge in the number of thriving small to medium-sized firms and start-ups at a time when the rest of the economy has been struggling."

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