The world’s most developed market for online shopping by far, the US is the global standard for e-commerce. Many of its largest e-commerce companies are in a leading position in other countries, setting the pace and generating the trends that shape the rest of the world’s online shopping. To give you more perspective on the large volumes and the competition in the e-commerce landscape, here are the current top 10 leaders of e-commerce platforms in the world in 2020.
Top 10 eCommerce companies in the world
1. Amazon
Founded in the US in 1994, Amazon started as an online bookstore that later diversified to products such as media, electronics, apparel, furniture, food, toys, and jewelry. Having expanded to many countries, including the UK, Amazon has become the global leader of e-commerce with the world’s largest sales and profits. It develops further into brick-and-mortar retail with the acquisition of Whole Foods Market, as well as in publishing, electronics, cloud computing, video streaming, and a number of other businesses.
- Estimated monthly traffic: 2.012 Billion visits
- Founded: 1994
- Amazon Headquarters: Seattle, Washington, USA
- Amazon Revenue: USD 5 billion
- Amazon Market Cap: USD 1.37 trillion
- Amazon Number of Employees: 840,400
2. Walmart
Walmart is the world’s largest retail corporation, operating hypermarkets, department stores, and grocery stores. A leader in the United States, it is also engaged in Canada, Mexico, and a number of other countries through subsidiaries. Its online shop sells a diversified range of products, from food to electronics, from fashion to pharmacy, and from home equipment to auto parts.
- Estimated monthly traffic: 294.5 Million visits
- Walmart Founded: 1962
- Walmart Headquarters: Arkansas, United States
3. eBay
A pioneer of e-commerce, eBay is an online marketplace for C2C and B2C transactions. People can join and post their products for sale, for other people to see. eBay has a range of product categories that cover almost everything. Founded in 1995, eBay has expanded to more than 20 countries, organizing the sale of products ranging from cars and vehicles to electronics and fashion, home and garden to sports and toys, and even business and industrial products.
- Founded: 1995
- eBay Headquarters: California, USA
- eBay Revenue: USD 8 billion
- eBay Market Cap: USD 35.75 billion
- eBay Number of Employees: 14,000
4. Alibaba
One of the biggest eCommerce companies in the world is China’s Alibaba with a market value of $734.42 billion. Alibaba was founded 21 years ago in Hangzhou, Zhejiang, and offers online sales services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. In 2017, Alibaba opened Hema, a chain of supermarkets where shoppers can either order in the store or online in under 30 minutes. Alibaba gained revenues of USD 71.99 billion in 2020, with a market cap of USD 595.24 — making it one of the top eCommerce companies in the world by both measures.
- Founded: 1999
- Alibaba Group Headquarters: Zhejiang, China
- Alibaba Group Revenue: USD 98 billion
- Alibaba Group Market Cap: USD 595.23 billion
- Alibaba Group Number of Employees: 117,600
5. Target
Target joined the ranks of leading retail eCommerce businesses this year, causing Qurate to drop off of the top 10 list. The momentum of Target’s sales over the past two years can be attributed to first-rate merchandising, expedited online delivery, and their capability for curbside pickup.
6. Zalando
Zalando is the first European company on the list of the largest eCommerce companies in the world. Its headquarters are in Berlin and they predominantly have eCommerce websites that sell fashion products, such as apparel and shoes. Their logo resembles an orange guitar pick. In addition to just fashion accessories and trends, Zalando also offers gift cards, coupons, vouchers, and online sales that help attract millions of users worldwide.
7. Rakuten
Rakuten is one of the top eCommerce businesses and the biggest eCommerce website in Japan. It is also famous as the “Amazon of Japan” with 90% of internet users in Japan having registered an account. It hosts 40,000 companies and has bought numerous foreign assets, and has converted them into (overseas) Rakuten branches.
Rakuten is one of the world’s largest eCommerce businesses with its global transactions climbing up to 12.9 trillion Yen. It employs more than 10,000 employees and operates in 25 countries.
8. Groupon
This eCommerce marketplace launched in Chicago in 2008, United States. This eCommerce business shaped the concept of group discount online shopping. It associates its subscribers with local businesses in one of 600 cities worldwide. The principle is simple: customers get a discount and business owners boost the revenue; it’s a win-win strategy.
9. Coupang
One of the largest eCommerce companies in the world is Coupang, a South Korean e-commerce business founded in 2010 that created USD 6.23 billion last year. Coupang is the largest eCommerce business in South Korea with an estimated market cap of USD 5 billion. Coupang declared that 99.7 percent of its orders are delivered within 24 hours. Besides being Headquartered in Seoul, South Korea, this business also has offices in Beijing, Shanghai, Los Angeles, Mountain View, New York, and Seattle.
- Founded: 2010
- Coupang Headquarters: Seoul, South Korea
- Coupang Revenue: USD 23 billion
- Coupang Market Cap: USD 5 billion
- Coupang Number of Employees: 10,000
10. Flipkart
Flipkart also is one of the top 10 largest eCommerce companies based in Bangalore, Karnataka, India. Flipkart created revenues of USD 6.1 billion in 2019. Flipkart’s focus is on providing books, consumer electronics, fashion, home essentials & groceries, and lifestyle products. Flipkart has a current market cap of USD 12 billion — making it one of the top eCommerce companies in the world by market capitalization.
- Founded: 2007
- Flipkart Headquarters: Bangalore, Karnataka, India
- Flipkart Revenue: USD 1 billion
- Flipkart Market Cap: USD 11 billion
- Flipkart Number of Employees: 30,000
Conclusion
These are the websites of famous e-commerce corporations in the world. With very large revenue contributing to the world economy. If you want to start a high-performing, feature-packed, scalable, and secure eCommerce website. Then, contact Magesolution to have our developers build the websites for you. We are a leading software outsourcing company, that covers all the website development needs of online entrepreneurs.
