Ecommerce industry is growing by leap and bounds. Giant retail eCommerce companies has achieved a figure of 2.5 trillion US dollars. It has been calculated that by 2021 eCommerce websites will cross the figure of around 4.7 trillion US dollars. USA and China amounted to sales of worth 1.6 trillion US dollars which captures the 70% of the overall eCommerce websites sale in the world. eCommerce growth rate in USA was close to 14% and overall eCommerce sites 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 competing with big offline stores across the world like Wal-Mart, IKEA, Home Depot etc. Below we have listed companies which are the world’s top 10 eCommerce sites if revenue and growth are considered. The top eCommerce companies include names like Amazon.com, JD, Walmart, Alibaba followed by Groupon, Rakuten, Flipkart etc.
Based on revenue, Customer`s satisfaction and number of visitors, Here is a list of the top 10 eCommerce companies in the world in years 2017-2018.
- 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 is only the best top 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 2001.
In 2017 amazon touched $178 billion annual revenue and expecting to grow 15% every year. In September 2018 total number of employees at Amazon are 5,63,100 . This biggest workman power is well trained in all kind of operations to make customers happy.
At present, 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 (clothing).
In 2018 Amazon was Present in 16 countries like United States, the United Kingdom and Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India, UAE and Mexico. Every country has their separate website like Amazon.in for India , Amazon.com.Au for Australia etc
In every country Amazon has different domain name like for for India its Amazon.in, for canada its Amazon.ca. Fully featured apps are available to make the online shopping experience easy. 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. Due to its best services and management, Amazon is known as one of the top and largest e-commerce companies in the world.
JD.COM holds Rank one in China when we talk about top e commerce websites. Its a B2C eCommerce company having headquartered in Beijing, China. Previously it was known as 360buy.com and in first quarter of 2018 this website has more than 301.8 million active users, who are engaged with best offers, latest products and much more at lowest prices.
Company was founded by Liu Quiangdong in 1998, that’s why it is also known with a name Jingdong.
JD.com initially started its business as optical magneto store but soon they entered in many categories like mobile phones, electronics, fashion etc. Company is using Artificial Intelligence and high tech technology for quick delivery and customer retention.
Alibaba is one of the China’s biggest eCommerce company and which was founded by 18 people led by Jack Ma, a former English teacher from Hangzhou in 1999. Everyone knows Jack Ma Story who was rejected from more than 30 job posts in the early 1990s, later he started making websites for companies along with his wife and a friend.
In the year 1999, Alibaba Group was founded. Its the world’s largest retailer of present-day, operating in more than 200 countries like USA, Russia, Brazil or Spain etc.
Alibaba is the largest e-retailer in the world since 2014. In year 2018 it became the 2nd Asian company to break the $500 billion valuation mark. In the starting phase Soft bank, Goldman Sachs invested heavily in Alibaba. In the quarter ended March 31, 2018 Revenue was RMB61,932 million (US$9,873 million), an increase of 61% year-over-year. and aims to double it by 2020. Alibaba is planning to spend 500 billion yuan over five years to build robust logistic network in China and around the world.
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.
Comment below if you want to add any company which we missed in the list of Top 10 eCommerce companies.