The notion of online shopping is quite fresh in the world and yet the e-commerce industry has recorded a spurt of growth. It is estimated that the e-commerce industry has bloomed to 24 million online stores with average sales of USD 10,000 annually. There are a few companies that are taking up the market to new heights.
Given the popularity of online shopping these days, the major e-commerce companies are making a fortune even in the coronavirus pandemic. These companies are generating billions of dollars via online sales.
Here are the top 10 e-commerce companies in the world:
#10
Flipkart
Founded: 2007
Revenue: USD 1 Billion
Country: India
Headquartered in Bengaluru, India, the company has generated revenue of USD 6.1 billion last year. Flipkart focuses on offering books, consumer electronics, fashion, lifestyle products as well as home essentials.
#9
Coupang
Founded: 2010
Revenue: USD 23 Billion
Country: South Korea
A South Korean e-commerce company generated revenue of USD 6.23 billion last year. Coupang delivers 99.6 percent of its orders within 24 hours. the company has expanded its global footprint with its offices in Beijing, Shanghai, Los Angeles, New York, and Seattle.
#8
Zalando
Founded: 2008
Revenue: USD 26 Billion
Country: Germany
A European e-commerce company based in Berlin, Germany follows a platform approach. It deals in fashion and lifestyle products and offers products in more than 17 European markets.
#7
Wayfair
Founded: 1995
Revenue: USD 8 Billion
Country: United States
Last year, it generated revenue of USD 9.13 billion by selling furniture and home-goods. The company is a digital platform offering more than 14 million items from over 11,000 global suppliers.
#6
eBay
Founded: 1995
Revenue: USD 8Billion
Country: United States
An American multinational e-commerce organization headquartered in San Jose, California. It facilitates consumer-to-consumer as well as business-to-consumer sales via its website. The company was among the first e-commerce companies in the world.
#5
Rakuten
Founded: 1997
Revenue: USD 6 Billion
Country: Japan
Japanese electronic commerce and online retailing company based in Tokyo. Last year, the company generated revenue of USD 11.6 billion. Rakuten is a B2B2C e-commerce platform and is one of the largest e-commerce sites in Japan. It has expanded its reach via joint ventures such as buy.com, eBates, etc.
#4
Suning.com
Founded: 1996
Revenue: USD 38.06 Billion
Country: China
It is one of the largest non-government retailers in China. Headquartered in Nanjing, the company is right after JD.com and Alibaba. It generates over USD 38.06 billion by selling physical merchandise such as home appliances, books, general merchandise, commodities, cosmetics, etc.
#3
Alibaba Group
Founded: 1999
Net Worth: USD 98 Billion
Country: China
One of the two largest e-commerce companies in China, Alibaba is a Chinese multinational technology company which also specializes in internet, retail, high tech. Alibaba has opened Hema – a chain of supermarkets where customers can either order online or go to store for delivery in under 30 minutes.
#2
JD.com
Founded: 1998
Revenue: USD 82.85 Billion
Country: China
Also known as Jingdong, JD.com is a Chinese e-commerce giant headquartered in Beijing. Going by transaction volume and revenue, the company is one of the two largest B2C online retailers in China. Also, the company is widely known for its investment in high tech, robots, autonomous technology, and artificial intelligence delivery via drones.
#1
Amazon.com, Inc.
Founded: 1994
Revenue: USD 5 Billion
Country: United States
Amazon – the world’s most popular and the largest e-commerce company by revenue, generated USD 280.5 billion in 2019. It is based in Seattle focusing exclusively on e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is the 3rd largest company in the world by market cap.
