CEO of eBay lays out his master plan to fend off new rivals like TikTok and Shein with AI and live-shopping features
Jamie Iannone, eBay's CEO, spoke with Insider about the next phase in the e-commerce giant's evolution.Iannone said eBay's size would empower it against emerging competitors such as TikTok and Shein. Speaking after the e-commerce marketplace reported second-quarter earnings this week, Iannone told Insider that new technologies such as artificial intelligence would supercharge the company's growth.
Its new strategy includes building relevant experiences for shoppers and sellers, scaling tech solutions to be useful across eBay, and using new features such as AI and live commerce, or when sellers host a livestream where viewers can directly buy products. The company has historically faced competition from large retailers such as Amazon and Walmart. Now a new crop of players is emerging, emphasizing low prices at a time when consumers are increasingly price-conscious. TikTok, for example, isto US shoppers, Reuters reported. Shein and Temu have similarly made huge inroads in the US market.
In some cases, eBay works directly with brands through a new program called Certified by Brand, which allows brands to certify that secondhand products sold on eBay are authentic.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jamie Otis Cries After Doug Hehner Finally Tells Her About Overdose‘Married at First Sight’ alum Jamie Otis recently learned that her husband, Doug Hehner, overdosed on opioids two years before their 2014 wedding
Read more »
Jamie Lynn Spears treated like ‘worst human alive’ over quitting ‘Zoey 101’ after pregnancy at 15The “Sweet Magnolias” actress opened up about packing up and leaving Hollywood to raise her daughter in the “middle of nowhere” when she was 15.
Read more »
In ‘Zoey 102,’ Jamie Lynn Spears Admits She Peaked in High SchoolWatching the “Zoey 101” sequel film is like reuniting with your graduating class and finding that while you’ve changed, everyone else stayed the same—and they’re fine with it.
Read more »
Jamie Lynn Spears Reflects on Being Pressured to Get an Abortion at 16“The whole world came down and told me I was the worst human alive,' Spears said on a podcast this week.
Read more »
Jamie Lee Curtis & Tiffany Haddish On Channeling Their Inner Mediums For Haunted MansionWe chat with HauntedMansion stars Jamie Lee Curtis & Tiffany Haddish, who discuss how they portray their spiritual medium characters and are then visited by the delightful Rosario Dawson::
Read more »
Inside Jamie Foxx’s Recovery, ‘Next Chapter’ After Health ScareJamie Foxx was hospitalized for a 'medical complication' in April, but is on the mend with a stellar support system
Read more »