Temu and Shein are the fastest-growing e-commerce marketplaces in the U.S., yet they have practically no U.S. sellers. More than half of Amazon sellers are based in China, and the two newest marketplaces are exclusively for Chinese sellers.
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Fifteen years ago, Jeff Bezos said, "I can't imagine that ten years from now [our customers] are going to say, 'I love Amazon, but if only they could deliver my products a little more slowly.'" That is the inspiration for the sixth edition of the Year in Review.
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Amazon will lower the transaction fee it charges sellers from 17% to just 5% for under-$15 apparel items as it faces Shein's competition.
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Buy with Prime app for Shopify is now available to all merchants. The previously invite-only integration is now open to all merchants who already use or want to use Amazon's fulfillment network.
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Amazon planned to launch marketplaces in Chile, Colombia, Nigeria, and South Africa in early 2023. It did not launch in any of those new markets.
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Influencers and their content, not brands, drive shopping on TikTok. TikTok is a content-first shopping platform.
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eBay's new goal is to "reinvent the future of e-commerce for enthusiasts." It says it has 16 million of them.
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American sellers on Amazon are losing market share to international sellers and are now making up less than 50% of the sellers.
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TikTok officially launched its in-app e-commerce platform TikTok Shop in the U.S. Its ambition is to create a market for social commerce while its competitors like Amazon are undecisive about committing.
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Walmart's marketplace now hosts 100,000 active sellers as new sellers joining the platform continue to accelerate.
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