Google Kills Its Shopping Marketplace
Google is killing its shopping marketplace that allows retailers to sell their products directly on Google.
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Google is killing its shopping marketplace that allows retailers to sell their products directly on Google.
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Amazon doesn’t sell goods. It sells goods that ship in one to two days and, for some shoppers, same-day. The logistics are as much part of the product as the products themselves.
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Amazon is summarizing reviews using AI, turning all reviews for each product into a few sentences that best describe consumer feedback. The feature is a building block of Amazon's AI ambitions.
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Amazon is reverifying the identity and business details of hundreds of thousands of third-party sellers that sell on its U.S. marketplace.
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Brazil, Mexico, and Australia are Amazon's fastest-growing markets. Amazon's web traffic has nearly tripled in Brazil in three years, and in Mexico and Australia, it more than doubled.
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Shein and Shopify were the biggest e-commerce winners in 2022. Their sales are still significantly above pre-pandemic levels too. Etsy was strong, Walmart with Amazon did okay, and eBay struggled the most.
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Amazon is pocketing more than 50% of sellers' revenue - up from 40% five years ago. Sellers are paying more because Amazon has increased fulfillment fees and made spending on advertising unavoidable.
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A dozen startups became unicorns betting on the Shopify ecosystem. Amazon has zero. A lot of capital is racing to change that.
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Chinese sellers have recouped the market share they lost on Amazon over the past two years. It looked like they were abandoning Amazon for a while, but that has since turned out false.
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Temu is the most-downloaded shopping app in the U.S. It is the latest shopping app, launched by China's Pinduoduo in early September to bring China-made goods to Western consumers.
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