In this article we will let you know the updated top 10 eCommerce companies in the world. eCommerce industry is growing by leaps and bounds all over the world. Giant retail eCommerce companies has achieved a figure of 2.5 trillion US dollars. It has been calculated that by year 2021 eCommerce websites will achieve the revenue of around 4.7 trillion US dollars.
Only USA and China eCommerce companies has touched the sales of worth 1.6 trillion US dollars which captures the 70% of the overall eCommerce websites sale in the world. You can imagine the customer satisfaction and
eCommerce growth rate in USA was close to 14% and overall eCommerce websites in Asia-Pacific region had grown at a rate of 31%. Most of the top eCommerce companies exist in USA. These all online shopping websites are now fighting with big offline stores across the world like Wal-Mart, IKEA, Home Depot etc.
Based on revenue, Customer`s satisfaction and number of visitors. The list of 2020 top 10 eCommerce companies which are dominating in eCommerce space are
- Amazon Inc
- Flipkart Pvt ltd
- Rakuten Inc
- eBay Inc
Now lets discuss about each eCommerce company in Detail.
In year 1944, Amazon was founded by Jeff Bezos. Amazon holds rank one in top 10 e-commerce company in the world. Headquarters are in Seattle, Washington, U.S. During the initial 5 years Amazon did not made any profits and was selling only books, TV shows and films. Amazon made its first profit in year 2001 and never look back after that.
In 2017 amazon touched $178 billion annual revenue and expecting to grow 15% every year. In September 2018 total number of employees at Amazon were 5,63,100. This biggest workman power is well trained in all kind of operations to make customers and sellers happy.
Amazon is selling everything from A to Z, logo of amazon is designed to express the availability of all products with smile. Best Seller products on amazon are of electronics (mobile phones) and fashion products (clothing).
In 2018 Amazon was Present in 16 countries like United States, United Kingdom, Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India, UAE and Mexico. Amazon takeover SOUQ in UAE and recently shut down an diverted all traffic to Amazon.ae. Every country has a separate website like Amazon.in for India, Amazon.com.Au for Australia etc.
Maximum visitors browse website by mobile or tablets that is why Amazon has best applications for Android and iOS for great shopping experience of customers. The interface helps the customer to place the order of their choice and make payments online as well as COD, track the orders and also provides return and refund of items if not satisfied. Amazon do not hesitate to invest upgrade technology, now customers can place the orders by using Alexa. You just need to tell ” Alexa, I want iPhone Charger” and it will tell you best sellers and place the order on your behalf.
Due to its best services and customer satisfaction, Amazon is known as one of the top and largest eCommerce company by revenue.
Alibaba group Holding Limited is one of the biggest tech company of the world. Its not only present in eCommerce, it also owns the services like payment gateways and cloud computing.
Recently Alibaba has snatch the titan of eCommerce leader from its $21.8 billion initial public offering. Now Alibaba has more value than combination value of Amazon and ebay. According to fortune magazine it was the most admired company in year 2018.
Jack Ma and his team of 17 friends and students founded Alibaba.com on 4th April 1999. After few months Goldman Sachs and SoftBank invested US$25 million in Alibaba.
Alibaba does not sell any product directly to consumers like Amazon do, it only connect buyers and sellers. It does not own any warehouse so operations cost is very low and profits are high.
As of 19 December 2018, Alibaba’s market cap was US$352.28 billion. Revenue of year 2018 touched 250.266 billion RMB ( $39.3B USD).
JD.COM holds second rank in the world and first rank in china when we talk about largest top 10 eCommerce companies by revenue. Its a B2C eCommerce company headquartered at Beijing, China. It was founded by Liu Quiangdong in July 1998 and previously it was known as 360buy.com and was rebranded to JD.com in year 2013.
It has more than 500 warehouses and 80% orders are placed by using mobile phones.
JD.com is in the list of the Fortune Global 500 and a biggest competitor of Tmall which is owned by Alibaba. It had 314 million active users at the end of June 2018.
2018 Revenue – US$67.2 bn
JD.com has a strict zero-tolerance policy for counterfeit products to ensure that only the premium quality, genuine
products reach to JD.com’s customers. It has recently done a trial of robotic delivery services and building delivery airports for drones. JD is in process of launching driverless delivery trucks to make the customers shopping experience amazing and fast.
In April 2019, JD.com announced that it is sourcing first kiwifruit and apple harvests from New Zealand to Chinese consumers. These fruits are very much popular amount Chinese consumers and JD never leave a chance to make the satisfied for long term relationship.
Walmart Inc. is an USA retail giant which was founded by Sam Walton in the year 1962. Walmart has 11,695 stores worldwide and is operating across 28 countries like USA, UK, Japan, India etc.Walmart’s total revenue amounted to approximately 482.13 billion U.S. dollars.
Walmart’s online revenue in 2017 added up to more than 14 billion U.S. dollars. The revenue generated through its eCommerce shopping site is just 4% of its overall revenue.
Zalando was founded in Germany by founders Rocket Internet, Robert Gentz and David Schneider in year 2008. Zalando SE is a European electronic commerce company based in Berlin. The company maintains a cross-platform online store that sells shoes, fashion and beauty items.
In 2017 Zalando revenue was 448.9 crores EUR and in 2018 it is expected to grown by 20-25%. Number of employees works in Zalando are 15,091.
Flipkart Pvt Ltd
Flipkart.com is an Indian electronic commerce company based in Bengaluru, India. Flipkart was Founded by Sachin Bansal and Binny Bansal in year 2007, both friends are IIT graduate and worked together in Amazon.com before starting this venture in India. Sachin Bansal is no more working at flipkart and current CEO is Kalyan Krishnamurthy.
The company initially focused on book sales and later expanded into other product categories such as consumer electronics, fashion, and lifestyle products. Flipkart did acquisition of Myntra and Jabong to dominate in fashion category. Amazon is the rival of flipkart in India and both are giving best services to win customers.
In August 2018, U.S.-based retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing it at $22 billion.
Rakuten is a Japanese electronic commerce and Internet company having headquarters in Tokyo which was founded in year 1997 by Hiroshi Mikitani. Its B2B and B2C e-commerce platform which sells many products in different categories. It is considered the Amazon of Japan.
Total number of employees worldwide are 14,826. In 2017 Revenue in billion Japanese yen was 944.5. Current CEO of company is Hiroshi Mikitani. Rakuten recently did acquisition of LOB Inc. which is a developer and supplier of advertising platform.
Groupon was founded by Andrew Mason’s in November 2008. Groupon is an American based e-commerce marketplace connecting customers with local shops by offering great discounts on activities, travel and goods. In May 2018, Groupon acquired Bristol, UK-based Cloud Savings company for $65million. As per latest February 2019 data Groupon has 6774 employees working worldwide and has presence in more than 170 Cities in the world. Total revenue of 2017 was US$2.84 billion and net income was US$14.04 million.
eBay was founded by Pierre Omidyar in 1995 and became a notable success story of the dot-com bubble. Its a American company based in San Jose, California. eBay is a multi billion-dollar company having operations in about 27 countries, as of 2018. Buyers can buy the products from any country in the world. Ebay has more than 14,100 employees worldwide.
Net income – US$-1.016 billion (2017). Net worth US$10.5 billion (August 2018).
ASOS plc is a British online fashion retailer which was founded in 2000 in London by founders Nick Robertson and Quentin Griffiths. Target customer of Asos is young adults. The website sells over 850 brands as well as its own range of clothing and accessories, and ships to over 200 countries from fulfillment centers in the UK, US and Europe. Asos has 3500 employees as of February 2019. Asos Revenue was 2.42 billion British pounds in the year ending August 31st 2018.
Chinabrands is one of the best online dropshipping and wholesale suppliers in China, and its headquarter locates at Shenzhen, China. It was found by GlobaleGrow, which is a top e-commerce company in China.
Total 1 million product SKUs are available to order from Chinabrands, as they build up its global logistic networks and warehouses, customers can easily receive products from Chinabrands wherever they are living. Dropshipping and wholesale are the key services provided by Chinabrands, as it allows customers to purchase products at wholesale pricing with no minimum unit requirement. Over 10,000 logistic routes covering 200+ regions worldwide, they can easily select the best delivery method to get products on time.
For dropshipping, it is the latest e-commerce business model recently for sellers, online sellers don’t need to pay for the costs of product storage, because once order placed end-customers from online sellers store, Chinabrands will take the responsibility to deliver products directly to end-customers.
Comment below if you want to add any company which we missed in the list of Top 10 eCommerce companies in the world.