Alibaba Close to Launching eBay-Style Marketplace in US
A new Alibaba subsidiary is close to launching a marketplace in the U.S. and has been onboarding third-party sellers since late last year, EcommerceBytes has learned. 11Main.com has hand-picked eBay sellers to participate in the pre-launch phase. The marketplace is called 11 Main to connote "Main Street" shopping from friendly mom-and-pop retailers. The plan is to charge charges sellers a 3.5 percent commission fee when an item sells with a $50 cap. There's no charge for selling printed books, DVDs and music.