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eBay From Listings to Products to Brands

eBay 2017 Q3 financial results were released last night. eBay marketplaces delivered $20.5 billion of GMV, up 8.5%, the fastest it's been in over three years. But the financial results are not as interesting as the long-term changes eBay is making to stay relevant.

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E-Commerce News

The Future of Marketplaces

Marketplace Pulse founder Juozas "Joe" Kaziukėnas presented a keynote at Retail Global Las Vegas 2017 conference on September 12th. Joe's keynote, titled "The Future of Marketplaces", looked at what makes a successful marketplace, and how the marketplace model built by Amazon 17 years ago - despite them leading the market - might not be the only way to do it.

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eBay News

eBay has 1,875 "Millionaire" Sellers in Europe

eBay has published a brand new "Inside the eBay Economy" report, highlighting a number of new metrics about eBay's marketplaces in Europe. They key highlight is that eBay now has 1,875 sellers turning over £1m or €1m. This number has risen by 50 percent since 2013.

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eBay News

More Than 6 Million American eBay Sellers Sold over $27 Billion Worth of Goods

For the first time ever eBay has released US state-by-state data showcasing sales and number of sellers statistics. 6.6 million American sellers sold $27.97 billion worth of goods in 2016. On average each seller sold $4,196 worth of goods. Top 5 states California, New York, Florida, Texas, New Jersey are leading in terms of sales. By adding the 6th state Illinois they together add up to 50 percent of the market.

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eBay News

eBay Is Drifting Away from Social Commerce

Most modern marketplaces are optimized for suggesting what customers might want to buy, but social commerce incentivizes to explore the marketplace with social features integrated inside. As eBay over time transitioned towards established sellers who sell in quantity, Alibaba's Taobao has continued to develop the true consumer-to-consumer exchange.

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E-Commerce News

Why Amazon and eBay Lost in China

China's e-commerce market represents almost a half of e-commerce sales worldwide, and practically all of it is on domestic websites like Tmall.com and JD.com. Most of the largest e-commerce markets in the world have Amazon and eBay with major market share, but not in China. Many would jump to the conclusion that China is a market favoring local players and US companies have no chance. But this is not the whole picture. Both Amazon and eBay could have had much more market share in China.

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eBay News

eBay's Revamp is Taking Too Long

eBay's future, at least in public, has been about structured data, new user experience development and efforts around AI and machine learning. eBay has been talking about the structured data initiative since at least the start of 2015, so it's been two years, and there isn't yet much to show for it. We think the biggest issue with the structured data initiative is it is taking too long.

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