3/31/2020
Top 10 eCommerce Companies in the World
The eCommerce sector is developing with a double-digit growth rate. Retail eCommerce sales capable to attain a total of 2.3 trillion US dollars. It has been estimated that by 2021, it will touch the amount of nearly 4.8 trillion US dollars. U.S & China amounted to deals of value 1.6 trillion US dollars which accounts for 70% of the in general eCommerce sales in the world.
1. Amazon
Amazon eCommerce company is the number 1 eCommerce company
in the world doesn’t need any introduction if measured in terms of revenue and
Market capitalization. In 1994, Jeff Bezos founded Amazon which was firstly for the marketplace for books. Now amazon becomes the highest revenue-generating
eCommerce company and the Jeff Bezos wealthiest man in the world.
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| Top 10 eCommerce Companies in the World - Amazon eCommerce Company |
In the year 2017, Amazon eCommerce net sales generated $177.9 billion from selling books. Amazon has now online stores with a range of products including software, electronics, clothing, course, books, and pet supplies. Jeff Bezos, in the beginning, named it Cadabra, Inc but later it was named as Amazon.
Amazon workforces a massive 565,000 employees which is a
share more than Google and its straight opponent, eBay. Every single employee
builds worth for the customers. This noticeably replicates the size of this
online store’s operations.
Amazon eCommerce company in the beginning for almost 5 years
did not make revenue due to its strange business model. But Amazon stays alive
and made the first return in the year 2001 that showed Bezos' exceptional business
model can be successful. Amazon Web Services (AWS) is the one more most profit-building business for Amazon after its online store. It delivers web hosting
servers to website owners.
2. Alibaba
Alibaba is one of the
China’s largest eCommerce companies and was set up by 18 individuals led by
Jack Ma, a former English professor. Jack Ma thought that it will empower small
commerce and will level the playing field by innovation as well as technology
to compete in the worldwide economies.
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| Top 10 eCommerce Companies in the World - Alibaba eCommerce Company |
They empower the big business to transform their way of doing business by given that the essential technical structure so that they can leverage the power of the internet to engage with consumers. Alibaba is the most valuable dealer in the world since 2014 and has its operations prolonged in more than 200 countries.
In the initial periods, Jack Ma resorted to hiring farmers
because Alibaba didn’t have the resources to hire business graduates in their
sales team. In 2016, the business was capable to attain GMV of $478 billion and
targets to double it by 2020. Jack Ma started Alibaba to brand it the leading
online wholesale market. It not only accommodates to customers, but also to
dealers. Alibaba also has additional platforms like Alipay, Taobao, and
Aliexpress,. The company has a system in place with its varied range of
businesses.
For example, Social media marketers regularly use this tool
to stream content, share videos. Alipay is an online payment facility, just
similar to Paypal and is now commonly used for online shopping. Tabao.com is a
content hub in China with numerous social media functionalities. Alibaba’s
sheer dominance in China, the third leading marketplace in the world, is
adequate to consist of it in the list of top eCommerce businesses.
3. eBay
eBay was established by Pierre Omidyar in the year 1995, it
is an e-commerce company based out in San Jose, California. It delivers people
the option to buy or sell a wide range of products or services worldwide and it
follows both B2C and C2C kind of commerce model. The business listed almost
every saleable element by the year 2000 and the industry grew rapidly. The
company links millions of shoppers and suppliers around the world.
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| Top 10 eCommerce Companies in the World - eBay eCommerce Company |
eBay used robust technology to control its platform which
supports sellers to offer their inventory and list their items on their
platform and let consumers discover and buy it, almost anytime and anyplace.
eBay has set-ups in more than 30 countries and approximately 14,000 employees
worldwide.
It has nearly 170
million active customers worldwide and able to attain GMV of $24.4 billion.
eBay has crossed over downloads of 391 million throughout the world. It
commonly uses analytics to evaluate the characteristics of buying and selling
performance so that they can improve the consumer experience.
eBay had the largest technology firms in the previous years like
Skype, Paypal, Stubhub, etc. eBay produces revenue by charging the registration
charges from sellers and some commission from suppliers on the deal of product
through their platform. eBay is one of the top e-commerce companies with
headquarters in San Jose, California which was founded in 1995.
The eBay has a variety of product categories which cover
nearly all e-commerce platform offers an open market for C2C and B2C dealings.
Individuals can join and post their products for sale.
4. JingDong
JD.COM is a Chinese B2C e-commerce company headquartered
located in Beijing, China. Previously it was well-known with a name 360buy and
presently this platform has more than 260 million active consumers, who are
engaged with offers, new products and much more.
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| Top 10 eCommerce Companies in the World - JingDong eCommerce Company |
The company was founded by Liu Quiangdong in 1998, that’s why it is also known as the name Jingdong. The company initially started its business as an optical magneto store but soon they expanded, selling mobile phones, electronics, etc.
This company was competent to attain record by selling
products worth $19 billion in a single day in the year 2017. The company is
also well-known for its Jingteng’s strategy, this scheme delivers brand owners
information about the accurate target customer groups and supports wholesalers
to attain actual and precise marketing which supports them in growing their
sales extra.
Walmart sold its eCommerce industry in the year 2016 to
JD.COM to contract a 5% equity stake in JD.COM. JD.COM is planning to
proliferation its presence through Europe, the UK, and France in future years. The
company is creating usage of AI and high tech tools to improve its distribution
system. JD.COM now offers a wide-ranging variety of products, almost across
each main classification like FMCG, apparel, food, home appliances, etc.
They own the largest drone supply system, robots, and
autonomous technology, distribution over drones. They are presently trying
autonomous robots for making distributions and also they are financing massive the expanse in constructing drone delivery airports, driverless distributions
utilizing autonomous trucks, etc.
5. Walmart
Walmart has more than 11000 stores and is working across 28
states under 58 different titles. Walmart was competent to make $480 billion of
profits and was able to create it as the world’s biggest business through
profits according to the Fortune Global 500 list in 2016. The profits generated
through its eCommerce processes is just 4% of its overall profits. Walmart is
well-known for its consumers because Walmart consumers can buy products at a
very low amount on any day.
The intention behind selling things at a lower price is that Walmart can attain economies of scale. Walmart studies a huge amount of user data which permits them to improve their processes by forecasting consumer’s behaviors. Nowadays Walmart is concentrating more on increasing online business.
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The intention behind selling things at a lower price is that Walmart can attain economies of scale. Walmart studies a huge amount of user data which permits them to improve their processes by forecasting consumer’s behaviors. Nowadays Walmart is concentrating more on increasing online business.
In the year 2016, Walmart was acquired Jet.com. Walmart’s US
eCommerce CEO considering doubling up their storerooms for eCommerce to
increase customer’s digital capability. In early 2006 when India had strict FDI
guidelines, Walmart started a joint venture with Bharti Enterprise.
Bharti enterprise would handle the front end retail stores
and Walmart takes maintenance of cold chain and logistics. Now Walmart is in
discussions to buy India’s e-commerce giant Flipkart at an estimation close to
$20 billion. If the deal goes through, it will pose a great threat and
competition to Amazon’s India eCommerce set-ups.
6. Booking Holding
Booking holdings was first designated as Priceline.com and
it has its headquarter in the US. It was established by JS Walker in the year
1997, and Priceline worked public in the year 1999 and was capable to produce
$13 Billion through IPO.
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Worth originated its company by selling telephone services, house leases, second-hand goods, gasoline, groceries, the online tour site also new vehicles following its name your price service. Priceline terminates some services to concentrate more on travel business in the year 2000.
Priceline was capable to produce its initial earnings in the
year 2001. Priceline also starts into the retail resort company in the year
2004 by getting a majority stake in TravelWeb. It also acquires
Activehotel.com, an online resort booking business in Europe. To develop more
they took booking.com in the year 2005 which is presently the world’s largest
accommodation website now.
Priceline further took businesses in an online hotel extent
and exceeded Expedia to become India’s biggest online hotel booking service.
Priceline group was also named as Fortune's most reputed company as well as the
most innovative company in the travel space. It manages its website in more
than 40 languages and 200 nations.
In 2016, it was ready to sell more than 7 million air
tickets through its program, the customer reserved 557 million room nights of
accommodation also 66 million rental car days. One of its subsidiary
rentalcars.com was given the world’s best car rental app.
7. Shopify
Shopify was established by Tobias Lütke, Scott Lake and
Daniel Weinand. It is a Canadian e-commerce firm having its headquarter in
Ottawa, Ontario. This business is having more than 6 lakh merchants utilizing
its platform and Shopify should be capable to produce Gross Merchandise worth
of $55 billion.
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The founders of Shopify firstly try to start an online store
for Snowboarding equipment’s including this startup was mentioned as Snowdevil
but they were unsatisfied with current e-commerce products in the market which
leads them to begin their e-commerce program known as Shopify. In 2009 they
started the Shopify app store and API platform which can be used by developers
to produce apps for online stores and sell these on the Shopify app store.
The app allows their online store owners to maintain their
stores utilizing their mobile tools. Shopify has also been named Ottawa’s
fastest-growing e-commerce business by the Ottawa industry journal in the year
2010. The organization then launched a Shopify payments program which allowed
customers to pay directly through credit cards without requiring a third party
payment gateway.
The firm continued public in the year 2015 and was capable
to grow more than $131 million. Amazon.com stated the closing of its Amazon
Webstore services for its dealer and decided Shopify as a favored migration
provider and also, Amazon combined with Shopify which enabled Shopify dealers
to sell on Amazon from their Shopify store. This activity supported Shopify in
developing its stock price by approximately 10%.
8. Rakuten
Rakuten is a Japanese e-commerce business based in Tokyo and
was established by Hiroshi Mikitani 1977. Rakuten is a Japanese term which
suggests Optimism, is also termed as Amazon of Japan, suggesting thousands of
products online. It allows digital content, fin-tech solutions, and e-commerce
services to above 1 billion members throughout the world.
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It has total strength close to approximately 15,000 agents
worldwide. It extends its services through joint venture and acquisition. It
took Buy.com, Viber, etc. to indicate its appearance in different nations. It
also financed in businesses like Pinterest, Acronis, etc. and further it has
its online marketing firm, Rakuten Marketing.
This business continued public in the year 2000, at this moment it had 2300 stores including 95 million page views per month performing
it as the most prominent site in Japan. Rakuten was one of the leading
influential organizations which began allowing bitcoins for payments over its
global marketplaces.
Rakuten to market its program acknowledged one of the most
significant deals with FC Barcelona, one of the most popular football teams in
Europe with its name appearing on player's jerseys. In 2018, the group acquired
Marine and Asahi fire from one of Japan's managing bank Nomura for an
approximated worth 46 billion yen.
This will Rakuten’s first investment in the general
insurance sector and the Asahi will become the company’s wholly-owned subsidiary which will provide accident, fire and automotive protection to
corporate customers and several other customers.
9. Otto
The Otto Group is one of the largest eCommerce businesses
mainly based in France and Germany and has its services in more than 20
nations. It was established by Werner Otto as a mail-order business in Hamburg,
and in less than 2 years of its services, Otto was capable to improve its
turnover on a factor of 5. In the year 1995, Otto works online and made
accessible a comprehensive variety of products online.
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The group allows a new concept of a variety of goods and
ranges to provide to the growing demands of the customer in the retail area.
The firm now gives assistance associated with logistics, transportation also
quality services to the businesses outside the organization or to its partners.
In the year 2000, the Otto group was capable to achieve 2nd place in the B2C
industry after Amazon.
OTTO organization was capable to place itself as the world’s
biggest online retailer for fashion and lifestyle goods. Otto also started
augmented reality stores where users can try on items of nearby Otto store in
front of their webcam also next people can post their pics on social networking
sites like Facebook. Otto group included a new concept of open business where
with the help of technology, it endorses its style series by applying
user-generated content containing opinions from third parties. This provides
consumers a unique way to shop the collection.
10. Asos
ASOS.com is a British online fashion market proposed to
youngsters and adults having a favorite brand recall. It was established by
Nick Robertson and Quentin Griffiths in the year 2000 and is headquartered in
Camden Town, at Greater London House and has its primary fulfillment center
placed in Barnsley, South Yorkshire.
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Asos sells above 80000 brands and has a variety of clothes.
Asos.com is a global online beauty and fashion retailer that offers womenswear,
jewelry, menswear, footwear and beauty assets. It ships its products across 140
countries through different warehouses in the UK, China, the US, and Europe.
ASOS primarily abbreviated to the name AsSeenOnTheScreen limited.
ASOS has above 4500 employees and is the biggest
self-governing fashion online store in the UK. Recently they started a marketing campaign aimed to take full benefit of the Instagram Stories’ feature
boosted users to upload photographs or videos of ASOS products and people were
capable to produce around 3 million footsteps in the UK itself.
By 2018 it has approximately 10 million downloads and the
app has an important feature that supports users to upload photographs of
clothes people like and the app will deliver the product comparable or likewise
to the uploaded product.