Amazon's Bold Acknowledgment, eBay's Global Cost Hikes, Starting Success Without Venture Capital, Walmart Projecting Confidence - This week in Amazon & eCommerce - Feb 28

It’s crowded and cutthroat in this titan of a store called Amazon…

1. Amazon now admitting China is everywhere: In an interesting development, Amazon has publicly acknowledged the substantial presence of Chinese sellers on its platform for the first time, labeling it as "significant" in its annual Form 10-K filing with the SEC. [Learn more]

2. eBay UK Making it Harder to Sell Jewelry: eBay UK is set to implement a substantial increase in fees for the jewelry category, effective March 7, 2024. Fees will be up to 14.9% for items up to £1,000 (~$1,260), whereas now it stands at 12.9% for items up to £450 (~$570), with an additional 30p per order, which will remain consistent. [Learn more].

3. Starting Business Without Venture Capital: The VC-method assists in starting about 20 out of 100,000 financial endeavors and has been used by about 6% of billion-dollar entrepreneurs, but what about some ways VC could be bypassed for a startup? [Learn more].

4. Walmart believes in its ability to keep fighting the fight: Walmart Inc. announced an annual cash dividend for fiscal year 2025, set at $0.83 per share post-stock split, or $2.49 per share pre-split, marking a notable 9 percent increase. According to Walmart’s CFO, the company attributes the windfall to "confidence in our growth potential and cash flow. " [Learn more].

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Isaiah Fritz, Joe White and the OSP Team

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