Amazon marketplace has a roughly 25% market share of the total U.S. e-commerce spending. According to eMarketer data, Amazon accounted for 41.4% of all U.S. e-commerce sales in 2021. Because the marketplace accounts for at least 60% of Amazon’s GMV, it nets 25% as its share of U.S. e-commerce. Read it here
Scalare invests in Helio, a next-generation advertising marketplace Link here
Walmart is expanding into home services. The retailer today announced a new partnership with Angi (previously Angie’s List), which will make service professionals available to Walmart customers in nearly 4,000 stores across all 50 states. Link here
Mckinsey - Busting the five biggest B2B e-commerce myths: 60 percent of B2B buyers indicate they are open to purchasing on digital marketplaces, roughly the same percentage as those who buy from supplier-branded websites (64 percent) Link here
London-based Borrow A Boat, a boat hire and yacht charter marketplace, announced on Tuesday that it has acquired Barqo, an Amsterdam-based platform for domestic boat rental. Link here
Glowfish ventures - With e-commerce continuing to grow globally and within the Middle East, online marketplaces continue to take market share from traditional retailers and service providers. Link here
This ends my Marketplace Newsletter for today. Let me know if there are any questions or news/insights worth mentioning in the next newsletter