eBay is announcing a new section called "Less than $ 10" today, which lists millions of products that cost $ 10 or less, following Amazon's steps. Amazon added its own $ 10 section and less to its application and website last month, including products such as shirts, earrings, hats and phone cases.
The eBay section will include similar offers, which include video games, watches, audio players and mini-speakers, headphones and headsets and fitness accessories. The purchase will be really less than $ 10, since the shipment is completely covered and no offers are required.
Both companies are likely to compete against low-cost shopping applications like Wish for market share. Wish, in particular, had a pre-market valuation of $ 8.5 billion, according to Forbes, which makes it worth more than Sears, Macy's and JC Penney combined. The new eBay section is likely to be an effort to maintain relevance in the increasingly competitive electronic commerce space that is reinforced by the proliferation of applications, voice-assisted shopping and on-demand delivery services.