E-commerce businesses have exploded in growth as a result of the current digitization boom, taking the lead in retailing. In 2021, it is predicted that worldwide retail e-commerce sales will reach $4.9 trillion. By 2025, the amount of global e-commerce is expected to rise by 50% to over $7.4 trillion, according to market analysts.
With a total net sales volume of more than $121.2 billion in the second quarter of 2022, Amazon is the market leader in this global trend. Are you interested in learning more about the largest e-commerce businesses operating globally and dominating the B2C market? Let’s get started and find out.
1. Amazon – Market Cap $1.65 Trillion
The largest e-Commerce site in the world, Amazon, which sells almost anything from books to food to mobile gadgets, continues to rule the entire market. In a bad economy, Amazon’s market worth was $1.65 trillion in January 2022; in a good one, it would be substantially higher. That is very telling. In addition, the company’s income increased to $33.4 billion in 2021 from a net sales of $21.3 billion in 2020.
In addition to steadily raising its YoY yearly revenue, Amazon has seen a notable increase in monthly site visits. From 2.3 billion visitors in April 2022, there were around 2.4 billion visitors to Amazon using desktop and mobile devices in May 2022.
On average, site visitors to the e-commerce giant’s online platform spend 7 minutes per visit and browse through 8.58 pages. Jeff Bezos, Amazon’s founder, claims that half of all purchases conclude in about 15 minutes or less.
2. Walmart – Market Cap $361 Billion
In the US and numerous other countries throughout the world, Walmart is well-known. Although Walmart is more well-known as the largest hypermarket chain in the world, it has recently made major investments in e-commerce through acquisitions and the expansion of groceries pickup and delivery services.
In 2021, there were on average 410 million visits per month to the Walmart online store. On each visit, the typical visitor looked at 5 web pages and spent roughly 4 minutes doing so. Walmart US recorded $47.8 billion in e-commerce sales in 2022, an increase of around 11% over the previous year.
3. Alibaba – Market Cap $246 Billion
Alibaba is one of the most popular online merchants in the quickly expanding e-commerce sector. In order to create an online marketplace for Chinese enterprises, former English teacher Jack Ma raised $80,000 from 80 investors and started Alibaba in 1999. He presently holds the 67th spot on the Forbes list and has a net worth of $22.8 billion.
The Alibaba Group is made up of a number of companies that operate self-operated retail chains, cloud services, e-commerce platforms, and logistics networks. Alibaba’s net sales reached more than $134 billion in 2022, a 23% rise from the previous year. Alibaba reported sales revenues of $109 billion in 2021, an increase of 52% from 2020. Alibaba’s annual sales increased by 28% in 2019 to $72 billion.
4. Meituan – Market Cap $137 Billion
Chinese online marketplace Meituan (formerly Meituan-Dianping) offers locally sourced consumer goods and retail services, including dining, entertainment, delivery, travel, and more. In March 2010, Meituan, the country of China’s first group-buying website, was launched in Beijing. Over 130 million active clients are served annually by the organization. Meituan’s revenue increased by 16.4%, from $6.16 billion to $7.13 billion, in the second quarter of 2021.
Meituan increased its revenues for the core local commerce segment by 9.2% in the second quarter of 2022 despite the recent relative slowdown in the domestic Chinese market. On a yearly basis, operating profit increased by 39.7%, and net margins increased by 22.5%.
5. Pinduoduo – Market Cap $89 Billion
Pinduoduo is one of the most well-known e-commerce sites in China. It focuses on creating connections between buyers and sellers of technology, household goods, and fresh produce. Pinduoduo saw 241.5 million visitors per month on average in 2021. Currently, the corporation has a $89 billion market cap.
Read Also: Which is The Most Popular Ecommerce Store in The US?
Pinduoduo increased its revenue by 36% in 2022 and nearly tripled its net profitability compared to the previous year. Pinduoduo’s net income surged by an amazing 268% in the second quarter of 2022.
6. JD.com (Jingdong Mall) – Market Cap $87 Billion
One of the most popular e-commerce platforms in China is called Pinduoduo. It focuses on establishing links between purchasers and sellers of equipment, home items, and fresh food. In 2021, Pinduoduo averaged 241.5 million monthly visitors. The company’s market capitalization as of right now is $89 billion.
In comparison to the prior year, Pinduoduo raised its revenue by 36% and nearly tripled its net profitability. The second quarter of 2022 saw an astounding 268% increase in Pinduoduo’s net income.
7. Shopify – Market Cap $42 Billion
Shopify is an extensive, specialized global e-commerce platform that has helped businesses of all sizes open, grow, and promote their online stores. One of the largest e-commerce companies in the world, Shopify has a market worth of over $42 billion at the moment.
With total revenues of $1.2 billion, it experienced a 57% YoY rise in the second quarter of 2021. The business had $107.2 million in monthly recurring revenue (MRR) as of June 30, 2022. As more merchants joined the platform, MRR increased from $95.1 million in June 2021 to $113 million in June 2022, a 13% year-over-year increase.
8. Flipkart – Net Worth $40 Billion
In 2021, Flipkart, the main domestic e-commerce startup in India, had more than 176 million visits per month, ranking it among the top e-commerce websites worldwide. Flipkart reported a 25% boost in revenue in 2021 as a result of Walmart now being in charge of its online company. The firm’s marketplace, information technology, and e-commerce services considerably increased overall income. About $40 billion is the current private firm net worth of Flipkart.
9. eBay – Market Cap $28 Billion
In 2021, eBay, one of the most well-known e-commerce websites worldwide, will average 1.7 billion monthly visitors. The market valuation of the corporation was $41.5 billion in January 2022, a significant increase from $34.6 billion and $29.6 billion in 2021 and 2020, respectively. Approximately $23 billion is the market capitalization of eBay at the moment.
eBay has started to run more like Amazon since changing its platform in recent years. It developed a group listing technique that asks vendors to include product identifiers in their listings using structured data. Customers can easily use this method to find the greatest deal on a certain product.
10. Sea Limited – Market Cap $27 Billion
Online video gaming, e-commerce, and financial services company Sea Limited is based in Singapore and uses the well-known names Garena, Shopee, and AirPay. As of September 2022, Sea (Garena) had a market value of just under $35 billion.
The e-commerce division of Sea Limited produced $1.5 billion in revenue in the third quarter of 2021, a 134% YoY increase. Its gross market value (GMV), which was $16.8 billion, rose by 80% year over year.
