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You surely have made a purchase online, whether you like it more or less, but do you have any idea which are the biggest ecommerce companies in the world? According to Companiesmarketcap, in the top 3 we find Amazon, Alibaba, and PinDuoDuo, the latter only has presence in China and Ireland.

However, today we are going to tell you which are the 8 largest ecommerce companies in the world according to their market capitalization, also known as “Marketcap”. It is a financial metric used to measure the size or value of a company, an asset or a financial market. Data has been collected on February 2024.

  1. Amazon
  2. Alibaba
  3. Pinduoduo
  4. Shopify
  5. Mercado Libre
  6. Meituan
  7. Copart
  8. JD.com

1. Amazon

Also known as, “the eCommerce giant” is always at the top of the list in terms of eCommerce. Amazon has a market cap of $1,8 trillion. 

This american retailer is a leader in the sector, offering millions of products in its marketplace, from technology products to healthcare, toys and clothing for all ages. In addition, it is also known for its entertainment platforms, Prime Video and Twitch, as well as its music listening portal, Amazon Music.

2. Alibaba

Far behind Amazon, we find Alibaba, with a market cap of $190,8 billion. Its revenue, according to their latest reports is $130,8 billion.

It was founded in 1999 by Jack Ma. Alibaba has different platforms focused in their different businesses:

  • Alibaba.com for B2B
  • Taobao for interact among consumers, buy products, socialise and share information. The sellers can send both new and used products to sell them in this platform.
  • Aliexpress for international buyers.

3. Pinduoduo

Pinduoduo has had a great improvement in the recent years as we can see in this graph provided by Companiesmarketcap.

Market cap Pinoduoduo evolution

Source: Companiesmarketcap

Now, Pinduoduo has a market cap of 167,2 billion dollars, despite that decline it had in 2022. Its highest market capitalization coincides with the post covid-19 months, when everyone was locked indoors and more and more people were ordering things online.

Pinduoduo is a chinese company founded in 2015 by PDD Holdings, a multinational commerce group. It started as a fresh agriculture platform that nows operates with more than 900 million users. Pinduoduo has also collaborated with a great amount of farmers all over the world. They also facilitates direct sales beween small scale farmers and consumers.

4. Shopify

Shopify has a market cap of 100,5 billion dollars. This canadian CMS platform is used by some of the most well known ecommerce in the world. With over 600,000 active merchants in more than 175 countries,

This platform owns different pice plan and a program called Shopify Plus which recently has increased its fees. It has a wide range of customizable templates according to the needs of the store and allows the sale of physical and digital products. Also, this platform is in the second position of our best CMS platforms ranking. 

5. Mercado Libre

We have already talked more than once about Mercado Libre, the best known Argentinean company in the Latin American ecommerce sector. It has a market capitalization of $83.42 billion, which situates Mercado Libre in the fifth position of this list.

Its huge marketplace, allows users to be both buyers and sellers. It has its owns shipping method called “Mercado Envíos” and its own paying method: Mercado Pago. 

6. Meituan

Founded in 2010 as a group discount platform, Meituan is now one of the largest ecommerce companies in the world with a market cap of more than 60 billion dollars. It is considered as a “super app”.

This chinese shopping platform allows consumers to buy local products via online. Currently, its services include: food delivery (Meituan Waimai), user reviews (Meituan Dianping), and travel bookings (Meituan Travel). It has over 290 million monthly active users.

7. Copart

Copart is a provider of online vehicle auction with presence in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman and Finland. It has a market cap of $50,35 billion and it is a public company.

Users can buy used, wholesale and repairable vehicles in weekly and bi-weekly online auctions. They use their own auction tehcnology called VB3.

8. JD.com

Also known as Jingdom, is onw of the largest online retailer in China. As they said in their website “It became the first major e-commerce company from China to be listed on NASDAQ in May 2014”. JD’s businesses encompass various sectors from logistics to multimedia, including technology and healthcare.

It has a market cap of 37,5 billion dollars. They are committed to sustainability and putting the consumer experience first.

 

Image: Depositphotos

 

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