What do you think of when you hear the term e-commerce? Do you think of Amazon, eBay, and other online retailers where customers can make purchases online without having to go into stores? You’re right! E-commerce includes any type of purchasing made over the internet, including search engines like Google, social media like Facebook, messaging apps like WhatsApp, and even digital subscription services like Netflix and Spotify. Although there are numerous e-commerce companies in existence today, we’ve compiled this list of the 5 best e-commerce companies in the world based on sales revenue in 2016 alone.
1) Amazon
1. Amazon is the largest e-commerce company in the world by revenue.
2. Founded in 1994 by Jeff Bezos, Amazon started as an online bookstore and has since expanded to offer a wide variety of products and services, including cloud computing, digital streaming, and artificial intelligence.
3. Amazon is also the largest provider of cloud infrastructure services (IaaS) and platform as a service (PaaS) globally.
4. In 2018, Amazon generated US$232.9 billion in revenue, with net income of US$10.1 billion.
5. As of June 2019, Amazon had a market capitalization of over US$915 billion.
2) Alibaba
Alibaba is one of, if not the, best ecommerce companies in the world. Founded in 1999 by Jack Ma, Alibaba is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet, and technology. The company operates in over 200 countries and is the world's largest online and mobile commerce company. In 2013, Alibaba had a market value of $231 billion.
3) Flipkart
Based in India, Flipkart is one of the world's best e-commerce companies. They offer a wide range of products, from electronics to fashion and more. Plus, their prices are very competitive. They also have great customer service, which is important when shopping online. Overall, Flipkart is a great option for those looking for a good online shopping experience.
4) Shopify
Shopify is one of the best e-commerce companies because it provides everything you need to create an online store. Plus, it's easy to use and has a wide range of features. You can also get started quickly and easily with Shopify. There are no setup fees and you can choose from a variety of themes to create a professional looking store.
5) Rakuten
Rakuten is a Japanese e-commerce company that was founded in 1997. It is one of the largest e-commerce sites in Japan, and it also has a presence in other countries around the world. Rakuten offers a wide variety of products, including electronics, books, fashion items, and home goods. In addition to its online store, Rakuten also operates physical stores and has a travel business. The company has a strong focus on customer service and offers free shipping on most orders. Rakuten is a publicly traded company with a market capitalization of over $10 billion.