Author Topic: Alibaba Sells 11 Main  (Read 968 times)

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Southern Jewel's Fab Finds

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Alibaba Sells 11 Main
« on: June 24, 2015, 01:36:54 PM »
Read article in full: Alibaba Sells 11 Main as Merchants Criticize Lackluster Sales

Alibaba Group Holding Ltd. will sell its U.S. website 11 Main to rival online marketplace OpenSky, with merchants saying they grew disenchanted with the Chinese company’s first experiment in American e-commerce.
Alibaba will hold a stake in the combined entity, according to an e-mailed statement Tuesday. The boutique website sought to replicate a Main Street niche-store shopping experience.
China’s biggest e-commerce operator started 11 Main last year, envisioning a shop-window for small-time U.S. merchants that could present an alternative to the mass-consumer facing Amazon.com Inc and EBay Inc. Furniture retailer Lishu Rodriguez joined 11 Main expecting Alibaba’s name would buy visibility before quitting the site, while Joel Young stopped selling months ago after shoppers failed to materialize.



uncleleroy

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Re: Alibaba Sells 11 Main
« Reply #1 on: June 25, 2015, 07:34:44 AM »
I remember the hype that surrounded 11 Main's pre-launch and a lot of voices sounded the death knell for Amazon.  Funny how things seem to work out.

WayOutWest

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Re: Alibaba Sells 11 Main
« Reply #2 on: June 25, 2015, 11:50:49 PM »
Got an email just the other day saying that the listing fees on 11main will continue to be waived for the time being, with no date set for when they might start charging them.

Southern Jewel's Fab Finds

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Re: Alibaba Sells 11 Main
« Reply #3 on: June 26, 2015, 12:49:18 PM »
a lot of voices sounded the death knell for Amazon.  Funny how things seem to work out.

Going wayyyyyy back to my eBay years.
Whenever a new venue opened it was always the death knell for eBay.
Now those have moved on to naming whatever venue it is as a killer for Amazon.

Yep, funny how things work out.

  

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