Exclusive - On Amazon, a quarter of merchants' sales are cross-border [Reuters (UK)]
eBay Inc. (EBAY)
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Source: Reuters
Exclusive - On Amazon, a quarter of merchants' sales are cross-border | Reuters 4 Min Read LAS VEGAS (Reuters) - Amazon.com Inc is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay Inc and potentially Alibaba Group Holding Ltd. More than a quarter of all revenue for sellers on Amazon globally was from cross-border transactions in 2017, up more than 50 percent from the year prior, Amazon Vice President Eric Broussard said in an interview, ahead of his Tuesday speech at the ShopTalk conference in Las Vegas. That amounts to between $50 billion and $75 billion (£35.6 billion to £53.5 billion) for merchants selling to customers in another country, based on analysts’ estimates for Amazon’s total gross merchandise sales. Amazon does not disclose the figure. The cross-border increase - outpacing Amazon’s 31 percent rise in overall net sales - represents a massive opportunity for the worl
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- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- EBAY's page on the SEC website