Second only to Amazon, Walmart US achieved e-commerce sales of $47.8 billion in 2022, an increase of about 11% from 2021. eBay, which has a market cap of $28 billion, receives about 1 .7 billion visitors per month. Etsy currently has a market cap of $13.75 billion and annual revenue of $2.4 billion.
With the digitization boom of recent years, e-commerce companies have grown a step up and taken center stage in retail.
Market analysts predict that the volume of global e-commerce will grow by 50% and reach approximately $7.4 trillion by 2025.
Amazon is leading this trend worldwide, with total net sales in the second quarter of 2022 of more than $121.2 billion.
So, are you curious about the world’s largest e-commerce companies that lead the overall B2C market?
1. Amazon – Market Cap $1.65 trillion
You can find almost anything to buy on Amazon.©Sundry Photography/Shutterstock.com
Amazon, the world’s largest e-commerce gateway that sells almost everything from books to groceries to mobile devices, continues to dominate the global market.
Additionally, compared to net income of $21.3 billion in 2020, the company’s revenue in 2021 increased to $33.4 billion.
In addition to the steady increase in annual revenue, Amazon has also seen a significant increase in monthly site visits.
The number of visitors to Amazon via desktop and mobile devices increased to approximately 2.4 billion in May 2022, from 2.3 billion in the previous month.
On average, site visitors on the e-commerce giant’s online platform spend 7 minutes per visit and browse 8.58 pages.
2. Walmart – Market cap $361 billion
Walmart has recently expanded into the e-commerce market. © Aleksey Novikov/Shutterstock.com
Although it is more recognized as the world’s largest hypermarket chain, in recent years Walmart has made massive investments in e-commerce through acquisitions and the expansion of grocery pickup and delivery services.
Walmart’s e-commerce site received an average of 410 million hits per month in 2021.
Walmart US reported e-commerce sales of $47.8 billion in 2022, a jump of about 11% from the previous year.
3. Alibaba – Market cap $246 billion
Alibaba Group Holding Limited is a Chinese e-commerce company founded in 1999 by Jack Ma.©hxdbzxy/Shutterstock.com
Alibaba is one of the most preferred online retailers in the fast growing e-commerce industry.
Alibaba was founded in 1999 by former English teacher Jack Ma, who raised $80,000 from 80 investors to build an online marketplace for Chinese businesses.
He currently ranks 67th on the Forbes list, amassing a net worth of $22.8 billion.
The Alibaba Group has a wide range of companies that provide services such as e-commerce platforms, cloud services, self-operated retail chains and logistics networks.
Alibaba’s net income in 2022 rose 23% from the previous year to more than $134 billion.
In 2021, Alibaba generated $109 billion in sales revenue, a 52% jump from 2020.
Alibaba reported a 28% increase in annual sales from 2019 to $72 billion in 2020.
4. Meituan – Market cap USD 137 billion
Meituan was the first group buying website in China.©Keitma/Shutterstock.com
Meituan (formerly known as Meituan-Dianping) is a Chinese online marketplace for locally sourced consumer goods and retail services such as dining, entertainment, delivery, travel and more.
The company serves more than 130 million active customers annually.
In the second quarter of 2021, Meituan’s revenue increased from $6.16 billion to $7.13 billion, representing an increase of 16.4%.
Despite the relative slowdown in the Chinese domestic market of late, Meituan managed to grow its revenue for the main domestic trade segment by 9.2% in the second quarter of 2022.
5. Pinduoduo – Market Cap USD 89 billion
Pinduoduo, a company in China, sells everything from fresh vegetables to technology.©rafapress/Shutterstock.com
In 2021, Pinduoduo averaged 241.5 million visitors per month.
The company currently has a market capitalization of $89 billion.
In 2022, Pinduoduo reported 36% revenue growth and roughly tripled its net income from the previous year.
6. JD.com (Jingdong Mall) – Market cap $87 billion
JD.com is a Chinese e-commerce company.
JD.com is one of Alibaba’s main rivals as China’s top online retailer.
The platform reported net revenue of $5.1 billion in the third quarter of 2020.
In 2021, the company averaged 179 million monthly visitors and posted net revenue of $33.9 billion, a 43.3% jump.
As of September 2022, financial reports for Jingdong Mall indicate that the company’s current revenue is $155 billion and its market capitalization is up to $87 billion.
The company generated revenue of $147.29 billion in 2021, which was a substantial increase from $109 billion in 2020.
7. Shopify – Market Cap $42 billion
Shopify is an e-commerce platform that helps businesses market their stores online.©Funstock/Shutterstock.com
Shopify is a comprehensive and specialized global e-commerce platform that has helped businesses of all types launch, scale and market their online stores.
With a current market cap of over $42 billion, Shopify is one of the largest e-commerce businesses in the world.
Its financial figures for the second quarter of 2021 revealed a 57% increase from last year, with total revenue of $1.2 billion.
As of June 30, 2022, the company’s monthly recurring revenue (MRR) was $107.2 million.
Flipkart is an Indian e-commerce website.©Burdun Iliya/Shutterstock.com
Flipkart, India’s leading e-commerce startup, received over 176 million monthly visitors in 2021, making it one of the top e-commerce sites in the world.
With its online business now controlled by Walmart, Flipkart has seen revenue grow by 25% in 2021.
The company’s marketplace, IT services and e-commerce contributed significantly to its total revenue.
Flipkart’s current net worth as a private company is around $40 billion.
9. eBay – Market Cap $28 billion
eBay is an American multinational corporation and e-commerce company that provides consumer-to-consumer and business-to-consumer sales services.©StockStudio Aerials/Shutterstock.com
One of the most popular e-commerce sites in the world in 2021, eBay receives an average of 1.7 billion visitors per month.
The company’s market capitalization in January 2022 was $41.5 billion, which was a substantial jump from $34.6 billion and $29.6 billion in 2021 and 2020, respectively.
eBay currently has a market capitalization of about $23 billion.
Since making changes to its platform in recent years, eBay has begun to operate more like Amazon.
Sea Limited – Market cap $27 billion
Sea Limited is a consumer internet company with subsidiaries in gaming, e-commerce and digital financial services.©Wirestock Creators/Shutterstock.com
Sea Limited is an online video game, e-commerce and financial services company based in Singapore that operates under popular brands: Garena, Shopee and AirPay. The market cap for Sea (Garena) as of September 2022 was nearly $35 billion.
In the third quarter of 2021, Sea Limited’s e-commerce division generated $1.5 billion in revenue, representing a 134% year-over-year increase.
Its gross market value (GMV) grew 80% year-on-year to $16.8 billion.
Suning Commerce – Market cap USD 18 billion
Suning is a hybrid retailer in China.©dailin/Shutterstock.com
Suning’s online storefronts include Suning.com Plaza and Suning Retail Cloud Store.
According to estimates, the company’s total sales in 2020 were $36 billion.
Trendyol – Market cap $16.5 billion
Turkey’s largest e-commerce site, Trendyol, is operated by a Turkish technology firm.
Trendyol receives an average of about 220 million visitors annually.
Visitors typically browse 7 web pages during their visit and spend about 7 minutes on the site.
Alibaba, the global leader in e-commerce, supports the company with technical know-how.
Etsy – Market cap $13.7 billion
Etsy’s total market cap was $13.75 billion in September 2022.
Etsy’s most recent financial reports show that the company’s current annual revenue is $2.4 billion.
The company generated revenue of $2.3 billion in 2021, which was a significant increase from $1.7 billion in 2020.
Allegro – Market cap $6 billion
Allegro, one of the most prominent online marketplaces in Europe and the most popular shopping site in Poland, recorded an average of 190 million monthly visitors in 2021.
Allegro’s market capitalization as of September 2022 was $5.51 billion.
The company generated revenue of $1.35 billion in 2021, which was a significant increase from $1.02 billion in revenue recorded in 2020.
The most recent financial reports for Allegro show that the company’s current revenue is $1.38 billion.
Zalando – Market cap USD 5.6 billion
Zalando is a European online fashion retailer.©nitpicker/Shutterstock.com
Zalando, a leading online fashion retailer in Europe, received more than 134 million monthly visitors in 2021.
Zalando offers e-commerce services in 23 European countries.
The business’s revenue in the second quarter of 2021 exceeded €2.7 billion, representing a 34% jump compared to the same quarter in 2020.
Zalando’s market capitalization was $5.62 billion in September 2022.
In the first quarter of 2022, the company generated revenues of more than 2.2 billion euros.
Based on this, the field continues to become increasingly competitive with new global players emerging every year and only technologically agile and customer-centric e-commerce companies will survive and thrive in this competitive environment over time.
Summary of the 15 largest e-commerce companies in the world