Wednesday, October 5 2022

The e-commerce industry has grown tremendously over the past few years, thanks to the Covid-19 pandemic and several other factors such as the expansion of the internet in several parts of the globe. It’s no surprise that some of the biggest companies in the world are e-commerce businesses. Although some of these companies are huge names in the industry, a few of them are still relatively unknown. We have, however, compiled a list of the top 10 e-commerce companies in the world in 2022.



Rank Last name Market capitalization (2022) Country
1 Amazon $1.3 trillion UNITED STATES
2 Ali Baba $244 billion China
3 Meituan $134 billion China
4 Jingdong Shopping Center $88 billion China
5 Pinduo-duo $61 billion China
6 MercadoLibre $44 billion Argentina
seven Shopify $42 billion Canada
8 Shop $36 billion Singapore
9 coupang $30 billion South Korea
10 Share $29 billion UNITED STATES

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Biography

1. Amazon

An American multinational technology company, Amazon is the largest e-commerce company in the world, with an estimated market capitalization of $1.3 trillion. Apart from e-commerce, Amazon also provides other services such as cloud computing, digital streaming, and artificial intelligence. It has been called “one of the most influential economic and cultural forces in the world” and is one of the most valuable companies in the world.

Amazon was founded by Jeff Bezos on July 5, 1994. Initially as an online marketplace for books, however, it has expanded into a multitude of product categories. It has several subsidiaries, including Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite internet) and Amazon Lab126 (computer hardware R&D). Its other subsidiaries include Ring, Twitch, IMDb and Whole Foods Market.

2.Alibaba

Alibaba is a Chinese multinational technology company and one of the largest e-commerce companies in the world, with an estimated market capitalization of $244 billion. It is also one of the largest venture capital and investment firms in the world, as well as the second largest financial services group behind Visa. It was also ranked as the fifth largest artificial intelligence company in 2020.

The company was founded by Jack Ma in June 1999. It provides consumer-to-consumer (C2C), business-to-consumer (B2C) and business-to-business (B2B) sales services through web portals, as well as electronic services. payment services, shopping search engines and cloud computing services. It owns and operates a diversified portfolio of businesses across the world in many industries



3. Meituan

Meituan ranks third among the largest e-commerce companies in the world, with an estimated market capitalization of $134 billion. The company is a Chinese shopping platform for consumer products and retail services found locally, including entertainment, restaurants, delivery, travel and other services.



Meituan was founded by Wang Xing in 2010 and is based in Beijing. The Company operates different applications and websites for different services. It is also one of the largest online and on-demand delivery platforms in the world. It has over 290 million monthly active users and 600 million registered users as of April 2018.

4.Jingdong

Jingdong Mall, also known as JD.com, is a Chinese company and one of the largest e-commerce companies in the world, with an estimated market capitalization of $88 billion. It is one of the top two B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall.

The company was founded by Liu Qiangdong on June 18, 1998, and its retail platform went online in 2004. It started as an online magneto-optical store, but quickly branched out, selling electronics, cell phones, computers and similar items. The company changed its domain name to 360buy.com in June 2007, then to JD.com in 2013.

5. Pinduo duo

A Chinese agriculture-focused technology platform, Pinduoduo ranks fifth among the world’s largest e-commerce companies, with an estimated market capitalization of $61 billion. The platform is used to directly connect farmers and distributors to consumers through its interactive shopping experience. In 2019, nearly 12 million farmers supplied their fruits and vegetables to Pinduoduo users.



Pinduoduo was founded by Colin Huang in 2015, with its head office in Changning District, Shanghai. The platform has an average of 724.6 million monthly active users. As of December 31, 2020, Pinduoduo generated 1.67 trillion RMB ($262 billion) in gross merchandise value (GMV).

6. Free Market

Argentinian-based Mercado Libre joins the list of the world’s largest e-commerce companies, with an estimated market capitalization of $44 billion. It is the largest e-commerce platform in Latin America, with over 174.2 million monthly active users in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Spain, among others.

Mercado Libre was founded by Marcos Galperin in 1999 in Argentina. It is headquartered in Montevideo, Uruguay, incorporated in the United States, and operates several online marketplaces dedicated to e-commerce and online auctions. The company also operates a real estate and automotive division under the name Mercado Libre Classificados and a secure payment system called MercadoPago.

7.Shopify

The Canadian multinational Shopify, with an estimated market capitalization of $42 billion, ranks seventh among the largest e-commerce companies in the world. The platform offers online retailers a suite of services including payment, marketing, shipping, and customer engagement tools.

Shopify was founded by Tobias Lütke and Scott Lake in 2006. It currently has over 1.7 million businesses in approximately 175 countries using its platform. Shopify is also among the top 20 publicly traded Canadian companies by market capitalization.



8. Shop

Shopee is a Singapore-based multinational technology company, with an estimated market capitalization of $36 billion, which is on the list of the world’s largest e-commerce companies. It is a subsidiary of Sea Ltd and was first launched in Singapore in 2015 and later expanded its reach overseas.

Shopee is widely considered the largest e-commerce platform in Southeast Asia with 343 million monthly visitors, and the company also serves consumers and sellers in several countries in East Asia, Latin America and Europe who want to buy and sell their products online.

9. Coupang

Coupang is a South Korean company and one of the largest e-commerce companies in the world, with an estimated market capitalization of $30 billion. She is often referred to as “the Amazon of South Korea”, due to her position and the size of her business in the South Korean online market.

Coupang was founded by Bom Kim in 2010 and has since grown to become South Korea’s largest online marketplace. The expansion led the company to several other services such as Coupang Play, a video streaming distribution service, and Coupang Eats, a food delivery service like Uber Eats.

10. Share

Concluding the list of the world’s largest e-commerce companies is Copart, a US-based company with an estimated market capitalization of $29 billion. The company provides online vehicle auction and remarketing services to automotive dealers such as insurance, car rental, fleet and finance companies in 11 countries; the United States, Canada, United Kingdom, Germany, Ireland, Brazil, Spain, United Arab Emirates, Bahrain, Oman and Finland.



Copart has over 200 physical locations around the world, where it houses over 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles through weekly and bi-weekly online auctions to buyers ranging from consumers to automotive companies worldwide. They also provide vehicle sellers with a range of services to process and sell repairable and clean vehicles over the internet.

Summary

Here is a recap of the top 10 e-commerce companies in the world in 2022.

  1. Amazon
  2. Ali Baba
  3. Meituan
  4. Jingdong
  5. Pinduo-duo
  6. MercadoLibre
  7. Shopify
  8. Shop
  9. coupang
  10. Share
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