what are the top 10 e-commerce companies in the world 2024?
Top 10 E-Commerce Companies in 2024: E-commerce businesses have seen great success in recent years, and many more are popping up daily as digital business trends grow stronger by the minute. It’s always difficult to guess which e-commerce companies will stay around and which ones will fail, but these 10 companies seem like they’ll be able to stand the test of time. The following are the top 10 ecommerce companies you should check out in 2024.
Also Read: 20 Richest Companies in the World by Market Capital
Amazon
Amazon is among the United States ‘Big Five corporations’, among the top valued brands. The millions of customers who have purchased from Amazon have contributed to making Amazon an of the best 10 E-Commerce Companies worldwide due to its ease of use and wide range of products.
Technology, music, books, clothing, and other products are among the items that the company sells. Amazon also offers various other services, including cloud computing and streaming on the internet.
Home Depot
Home Depot is an online site that provides everything you need to improve your home, including construction materials, appliances, bathroom decorating ideas, furniture for the patio, kitchen remodeling, Power tools, and many more items on The Home Depot. The headquarters is located in the USA.
As of Jan-07-2022, Home Depot’s market value was 411.020 Billion USD. And with an increasing no. of people working from home and spending time on home improvement projects, that number is only expected to grow in the coming years.
Home Depot is among the top 10 e-commerce companies in the world 2024
eBay
In third place, with 757.3 million monthly visitors from all over the world in April 2022. This comes from ebay.com, the American multinational company in ecommerce that supports consumer-to-consumer (C2C) as well as B2C (B2C) sales via its ecommerce site.
Buyers can access the site for free. However, sellers must pay to list their items with a restricted amount of auctions for free and then sell the items. It is among the largest online markets worldwide, with over 90 million active users.
Alibaba
In China, Alibaba is the world’s largest online ecommerce store and mobile commerce company. They offer many products and services to consumers and businesses, including online payments, e-commerce platforms, and cloud computing.
Exporters from China as well as other countries can communicate with customers from over 200 countries via Alibaba’s platform. Wholesalers, trade agents, manufacturers, merchants, and SMEs in the export and import sector are the most frequent buyers. Through this platform, merchants may sell various products, including gadgets, books, jewelry, food items, apparel, and more.
Alibaba is one of the top 10 e-commerce companies in the world 2024
Walmart
Walmart – a multinational retail company, based in the United States, is owned and managed by a network of supermarkets, discount department stores, and grocery shops. Electronics, music, books, and clothing are some of the merchandise on the site.
In the US, Walmart is not only the largest retailer but also the largest company by revenue. The company was founded in 1194 and today operates over 11,000 stores worldwide. As on Sep-01-2021, the market capital of Walmart was valued at 415.000 Billion USD.
AliExpress
Based in China, AliExpress is an online retail service made up of small businesses in China and around the world. It’s a marketplace similar to Amazon but focuses on smaller items like clothing, accessories, and home goods. In 2019, AliExpress had over 500 million active users and processed over 1 billion orders.
Because of the high volume of users, AliExpress is always on the list of the top 10 most popular eCommerce websites worldwide.
AliExpress is among the top 10 e-commerce companies in the world 2024
Etsy
Etsy is a well-known American website that has an international presence. The sellers mostly sell handmade or vintage items as well as craft materials. This platform demands sellers pay several listing fees; however, the cost could be as little as $0.2/product. In addition, they must pay a commission on every sale.
Rakuten
Rakuten is the largest Japanese ecommerce company in 29 countries and offers many different products such as books, electronics, and even apparel. The site has over 50 million visitors per month.
In 2020 Rakuten Group reported that in 2020, Rakuten Group generated a revenue of 1.46 trillion Japanese yen. That’s approximately USD 13.67 million.
Rakuten is well-known for its cashback offer, which offers customers a portion of their purchases back shape or Rakuten Points. You can earn coupons and cashback with every purchase you make on its online portal.
JD.com Inc.
JD.com Inc. is among the top e-commerce companies in China. It was established in the year 2004 by Richard Liu Qiangdong, who is also the current CEO. The company is home to more than two-and-a-half million active users and holds 9 percent of the global online retail market.
The company’s revenue for 2021 is $149.32 billion, which is about a 30% YoY increase from 2020.
JD.com serves millions of customers in China by connecting them to numerous top-quality brands and products across the globe.
JD.com is among the top 10 e-commerce companies in the world
Wrapping up
These are the top 10 e-commerce companies you should check out . They are all ecommerce leaders in their field and continue to grow at an alarming rate. Keep your eye on these ecommerce companies, as they will shake up the industry in the coming years.
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