Next to Amazon, Walmart US generated e-commerce sales of $47.8 billion in 2022, an increase of approximately 11% compared to 2021. eBay with a market cap of $28 billion receives approximately 1.7 billion visitors in a month. Etsy currently has a market cap of $13.75 billion and annual revenue of $2.4 billion.
With the digital boom of the past few years, e-commerce has grown by leaps and bounds and has taken center stage in the retail industry.
Market experts predict that the volume of global e-commerce will increase by 50% and reach approx. $7.4 trillion by 2025.
Amazon is leading this trend worldwide with total sales volume in the second quarter of 2022 of over $121.2 billion.
So, are you curious about the world’s largest e-commerce companies driving the entire 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 online shopping portal that sells almost everything from books to food to mobile phones, continues to dominate the global market.
Moreover, compared to net income of $21.3 billion in 2020, the company’s revenue in 2021 increased to $33.4 billion.
Apart from consistently increasing its annual revenue year-on-year, Amazon has also recorded a significant increase in monthly web visits.
The number of visitors to Amazon via desktop and mobile increased to around 2.4 billion in May 2022 from 2.3 billion in the previous month.
On average, site visitors to the e-commerce giant’s online platform spend 7 minutes per visit and browse through 8.58 pages.
2. Walmart – Market cap $361 billion
Walmart has recently expanded into the e-commerce market.©Novikov Aleksey/Shutterstock.com
While Walmart is more recognized as the world’s largest supermarket chain, in recent years Walmart has made significant investments in e-commerce through acquisitions and expansion of grocery delivery and delivery services.
The Walmart e-commerce website averaged 410 million visits per month in 2021.
Walmart US reported e-commerce sales of $47.8 billion in 2022, a roughly 11% jump 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
Alias is one of the most preferred online vendors 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 on the Forbes list at number 67 with a net worth of $22.8 billion.
Alibaba Group has a range of companies that provide services such as e-commerce, cloud services, self-managed retail chains and logistics networks.
Alibaba’s net income in 2022 increased by 23% from the previous year to more than $134 billion.
In 2021, Alibaba generated $109 billion in sales revenue, registering a 52% jump over 2020.
Fájarvarsannun grew 28% in annual sales from 2019 to $72 billion in 2020.
4. Meituan – Market cap $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 local consumer goods and retail services, such as restaurants, entertainment, delivery, travel and more.
The company serves over 130 million active customers annually.
In the second quarter of 2021, Meituan’s revenue increased from $6.16 billion to $7.13 billion, an increase of 16.4%.
Despite the recent relative decline in the domestic Chinese market, Meituan managed to increase its revenue for its core local business segments by 9.2% in the second quarter of 2022.
5. Pinduoduo – Market cap $89 billion
Pinduoduo, a company from China, sells everything from fresh vegetables to technology. ©rafapress/Shutterstock.com
In 2021, Pinduoduo had an average of 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 value $87 billion
JD.com is a Chinese online shopping company.
JD.com is one of Alibaba’s main competitors as the leading online retailer in China.
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 recorded $33.9 billion in net revenue, representing a 43.3% increase.
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 reported $147.29 billion in revenue in 2021, which was a significant increase from $109 billion in revenue in 2020.
7. Shopify – Market cap $42 billion
Shopify is an e-commerce platform that helps businesses market their online stores. ©Funstock/Shutterstock.com
Shopify is a comprehensive, specialized worldwide e-commerce platform that has helped businesses of all sizes launch, grow 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 numbers for the second quarter of 2021 showed 57% year-over-year growth 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 e-commerce website from India.©Burdun Iliya/Shutterstock.com
Flipkart, India’s leading home-grown e-commerce site, received more than 176 million monthly visitors in 2021, making it one of the world’s top e-commerce websites.
With its online business now controlled by Walmart, Flipkart saw 25% revenue growth in 2021.
The company’s marketplace, IT and e-commerce businesses 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 websites 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 significant jump from $34.6 billion and $29.6 billion in 2021 and 2020, respectively.
eBay currently has a market capitalization of about $23 billion.
After 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 an online consumer company with branches in gaming, e-commerce and digital financial services. ©Wirestock Creators/Shutterstock.com
Sea Limited is a video game, e-commerce and financial services company based in Singapore, operating under popular brands: Garena, Shopee and AirPay. The market value of Sea (Garena) in September 2022 was almost 35 billion dollars.
In the third quarter of 2021, Sea Limited’s e-commerce division generated $1.5 billion in revenue, representing 134% year-over-year growth.
Its gross market value (GMV) grew 80% year-over-year to $16.8 billion.
Suning Commerce – Market value $18 billion
Suning is a hybrid from China. ©dailin/Shutterstock.com
Suning’s online stores include Suning.com Plaza and Suning Retail Cloud Store.
According to estimates, the company’s total sales in 2020 amounted to $36 billion.
Trendyol – Market cap $16.5 billion
The largest online store in Turkey, Trendyol, is run by a Turkish technology company.
Trendyol receives an average of 220 million visitors annually.
Visitors typically view 7 websites during their visit and spend about 7 minutes on the website.
Alibaba, a global leader in e-commerce, supports the company with technical expertise.
Etsy – Market cap $13.7 billion
Etsy’s total market capitalization was $13.75 billion as of September 2022.
More recent financial reports from Etsy show that the company’s annual revenue is now $2.4 billion.
The company posted $2.3 billion in revenue in 2021, up from $1.7 billion in 2020.
Allegro – Market value of $ 6 billion
Allegro, one of the most prominent online marketplaces in Europe and the most popular shopping site in Poland, saw an average of 190 million monthly visitors in 2021.
Allegro’s market capitalization in September 2022 was $5.51 billion.
The company reported $1.35 billion in revenue in 2021, which was a significant increase from $1.02 billion in revenue in 2020.
Allegro’s most recent financial reports show that the company’s current revenue is $1.38 billion.
Zalando – Market value $5.6 billion
Zalando is a European online fashion retailer.©nitpicker/Shutterstock.com
Zalando, the leading European online fashion retailer, received more than 134 million monthly visitors in 2021.
Zalando provides e-commerce in 23 European countries.
Corporate income in the second quarter of 2021 exceeded 2.7 billion euros, which is a 34% increase from the same quarter of 2020.
Zalando’s market capitalization was $5.62 billion in September 2022.
In the first quarter of 2022, the company generated over 2.2 billion euros in revenue.
Based on this, the field continues to become increasingly competitive with the emergence of new global players every year, and only the technologically agile and customer-driven e-commerce will survive and thrive in this competitive environment over time.
Overview of the 15 largest e-commerce companies in the world