If you haven’t been living under a rock, then you probably know that trading has moved more and more towards the online space in the last couple of years.
Ecommerce has become more popular especially after the pandemic. Most companies realized that they need to move their businesses online in order to survive.
Some companies doubled or even tripled their revenues since the madness started back in the beginning of 2020. While the virus was devastating for some people, it was kind of a blessing in disguise for others.
From now on, we can expect ecommerce to grow even more, as more and more companies see this huge opportunity to make more money.
If you’re here to find out which are the largest ecommerce companies in the world, then you’re in the right place! By the end of this article, you will know exactly who makes the big bucks!
Largest eCommerce Companies
You are probably familiar with some of these companies and regularly visit their websites in order to buy your necessities. BUT you will be surprised to find out that some of the names on this list are completely unknown to you.(1)
Let’s jump straight into it.
No surprise here. Amazon is the biggest company on the planet, so it only makes sense for it to be the biggest one on this list too.
The company was founded back in 1994 by Jeff Bezos and it has become the king of ecommerce in the past couple of years. Therefore, making Jeff Bezos the richest man on the planet.
On their website, you can find almost anything you can think of. Their products range from pool tables to toilet paper and it’s a “one stop shop” for anyone wanting to buy anything.
Amazon gets more than 2.5 Billion (with a B) searches per month and it has the best upsell system in the world. Think about it: they always recommend you the stuff that you are most likely to buy.
Since they started their Amazon Prime program, the company literally blew up. They offer customers the possibility to receive their products after just one day and also stream TV shows and movies in 4K.
Speaking about the streaming service, they have more than 110 million monthly subscribers. You can do the math there.
Needless to say, we can expect Amazon to grow even more in the next couple of years and extend to even more countries throughout the world.
If you are like me, you probably appreciate the logo that this Chinese company has. Also, you probably never heard of it.
Jingdong is the second largest ecommerce platform after Amazon. How, you may ask? Because the Western companies are not really allowed in China thanks to the Chinese legislation.
In some way it’s a good thing because they promote their national companies which we all know make great products.
It’s safe to say that Jindong is the “Chinese Amazon”. On their website, they feature all kinds of products in most of the popular niches, so the Chinese consumers should be quite happy about the variety.
The company was founded back in 1998, but started selling online just 16-17 years ago. It is Alibaba’s arch nemesis in terms of competition.
JD.com handles all the shipping thanks to the enormous amount of employees that they have. As we all know, that’s not the case of Amazon who uses other shipping services like FedEx.
Their flagship product is called JD Plus and is the Chinese version of Amazon Prime. The JD plus members have access to free shipping, discounts for various products, as well as a streaming platform.(4,5)
Jingdong uses drones for shipping and is said to be one of the most efficient systems in the world. The company has generated $98.83 Billion in 2020.
Alibaba is the most well known Chinese company. You probably expected it to be on number 2 right after Amazon, but thanks to JD it stays at number 3 (for now).
Alibaba has a more international approach than JD, meaning that they also cater to the Wester market, and not only to the Chinese one.
The company was founded back in 1999 by Jack Ma and it also owns another huge platform called 1688.com. Why? Because 1688 handles the trading inside the Chinese territory, while Alibaba takes care of the international side of the business.
Alibaba saw a significant increase in revenue with the rise of the dropshipping business model. Small entrepreneurs who started ecommerce businesses almost always used Alibaba in order to get quality products from Chine.(6)
In 2020, Alibaba made more than $72 Billion in revenue, setting it apart from most Chinese and international companies. We can expect the company to grow even more, as ecommerce and entrepreneurship are still on the rise.
Rakuten is the 4th largest ecommerce company in the world. As a side note, they also have a cool affiliate program that you can check out.
The company was founded back in 1997, making it one of the oldest startups on this list. Most of the traffic on their website comes from Japan because more than 90% of the Japanese people use Rakuten for their online shopping.
Also, you probably didn’t know that the company invested in Pinterest some while ago. Also, it’s one of the main sponsors of Football Club Barcelona.
Rakuten made more than $11 Billion in 2020, making it the 4th largest ecommerce company in the world.
Closing in at number 5, we have the once very popular eBay. I say once because they can clearly not compete with Amazon anymore.
The company took full advantage of the dot com bubble and established itself as one of the most renowned companies not just in the U.S., but also in the world.
Founded back in 1995, the San Jose based company is still in the top 5 ecommerce companies in the world because of the very powerful brand that it has.
The most well known aspect of the company is the auction feature, where people can sell and buy products in an auction type environment. Some customers like this feature so much that they prefer eBay over Amazon just for this reason.(9,10)
Back in 2012, an entire town was sold on eBay! Believe it or not, a small town from Wyoming was sold for just under $2 million. It was bought by a couple of people from Vietnam who clearly didn’t like neighbors.
Ebay made more than $9.5 in 2020, seeing a growth of just under 2%.
Ecommerce will only continue to grow as people get more comfortable in their homes. Many young entrepreneurs take full advantage of this opportunity to start their own businesses.
If you’re thinking about starting an ecommerce business, then know that it can truly be lifechanging. There’s nothing better than checking your account after you woke up and seeing that you made sales during the night.
In order to have the highest chance of success, you will need the right tools. If you have the budget, I suggest investing in the 100k Blueprint. It’s a proper training that teaches you everything you need to know about starting an ecommerce business.