It’s not easy for a $63 billion company to make a successful pivot, but if eBay manages to pull it off, it will be one for the history books. The e-commerce giant has been shifting focus from being primarily a marketplace to a mobile commerce giant with a dash of personalization. And there are serious signs of life.
Last Wednesday, eBay unveiled “The New eBay”, a completely redesigned website that is slowly being rolled out to all users, and released same day delivery service eBay Now in San Francisco.
eBay reported strong earnings today, thanks to growth in mobile adoption, as well as improved performance in the Marketplaces business. The company also released its mobile commerce numbers for the year, which blew past original estimates.
In 2013, eBay expects each to exceed a whopping $20 billion.
PayPal and eBay both expected $10 billion in sales/payments volume for the year, individually.
eBay and PayPal continue to see record mobile sales during the holiday shopping season. Last week, the marketplace company released data that showed that non-holiday days were posting massive gains, with PayPal reporting that its total global mobile payment volume on Sunday, Dec. 2, exceeded that of Cyber Monday by more than $1 million.
At today’s New York press event, eBay set the bar high by stating that it would unveil “the new eBay” today. The company introduced eBay Now, the same day delivery service they have been testing, and a completely redesigned website with a better search experience and item pages.
A new version of eBay Australia's iPhone app makes it easier for sellers to list new items.
eBay is entering the territory of mobile shopping app Shopkick with the latest update in the e-commerce giant’s barcode scanning app, RedLaser.
Comparison shopping network Shopping.com, which was purchased by eBay back in 2005 for $620 million in cash, is officially rebranding as the eBay Commerce Network.
eBay says that the site has evolved from being a comparison shopping site to an actual commerce ad network, and this shift in title reflects that. The network aims to connect retailers with buyers across sites like eBay, CNET and Bing.
We’re pleased to announce John Donahoe, President and CEO of eBay, as a Disrupt NY speaker. Under his tutelage, eBay and its subsidiary PayPal have grown tremendously, with each company expecting to do $20 billion in 2013 mobile commerce.
Donahoe took eBay’s reins in 2008 after Meg Whitman’s departure.