Online marketplaces lobbied hard against the Inform Consumers Act, designed to protect consumers from fake and unsafe products. Now it has been dropped.
Amazon is the leading online marketplace in the US, but eBay remains strong, Walmart.com is growing and niche players are thriving.
Online retail sales in China make up a third of total global ecommerce, but just three companies make up 89% of the total Chinese ecommerce market.
Ecommerce in Japan is led by two brands: Amazon and Rakuten. Four other marketplaces are popular, but they lag far behind the leaders.
US authorities have made a lot of noise over the last few years about Amazon abusing its market position, but no real action has been taken. Until now.
A data leak exposed over 13 million messages in which Amazon sellers solicit fake reviews. Soon after, several very large Chinese sellers were suspended.
Etsy has been found selling ivory, weapons, miracle cures and porn. Plus early Prime Day rumors are confirmed and an eBay sneaker sniffer speaks out.
The world’s #1 seller on eBay and #3 on Amazon has been floated on the London Stock Exchange. Almost everything they sell is second-hand.
Over the last 12 months, companies that specialize in acquiring Amazon FBA brands have raised $3.5 billion in capital. Half of that went to just one company.
A new umbrella organization of small business groups is campaigning for the separation of Amazon’s own retail business from its third-party marketplace.