10 Global eCommerce Powerhouses and the Biggest Chinese eCommerce

Trade has long ago moved from offline world to eCommerce and many of us have either heard of, or used services of the following companies. When COVID-19 occurred, this switch to online trading only enhanced. The largest eCommerce companies became even larger, as a result of meeting their customers’ needs.

One may assume that they are familiar with all of the businesses listed at this point, but just the big names have drawn your attention; there are many more eCommerce businesses with billion-dollar net worth. No, Alibaba is not the only Chinese success story; they are not all from the West.

1. Amazon, Inc. — The King of eCommerce

Unsurprisingly, Amazon and its empire top our list of the biggest eCommerce companies in the world. Amazon definitely is the e-commerce king!
In the years since it was established in Seattle in 1994 by the now-immortal Jeff Bezos, Amazon has grown to be a household name in the world of online shopping. Despite having humble origins, this internet corporation now generates the biggest income in the entire world. At first, it was merely an internet bookstore.

Check out this fascinating interview with Jeff Bezos from 1999 to see how erratic the world was at the time. Amazon was diversifying the scope of products it sold online in the following years. Who says books aren’t profitable! Trivia about Amazon:
Bezos can recall the title of the actual first book he sold from his garage in July 1995: Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought.

2. Jingdong — Chinese eCommerce Giant With the Cutest Logo

Many of us living in a western world didn’t even heard of this eCommerce giant! The second on our list of the largest eCommerce companies in the world is Jingdong, also known as.

The first of three significant Chinese enterprises we list here is this eCommerce company based in Beijing. As of 2018, Jingdong had well over a quarter of a billion registered users, rivaling the more well-known Alibaba. It was established in 1998, and six years later it began business online. The company now proudly displays its cutting-edge delivery system, which includes robots, AI, and a fleet of drones.

JD.com is now inferior to Alibaba in terms of market capitalisation. If we compare it to previous year’s revenue, JD.com had over $40 billion more. If we compare the number of employees, has more than 380,000, whereas Alibaba has just over 250,000 at the moment.

JD-related trivia: Jingdong is so obsessed with technology that they have plans to construct drone airports, flight schools, and even flight control for drones that transport commodities. In collaboration with experts, they have created drones that can transport cargo weighing up to one metric ton.

There is a good probability that you have purchased something from AliExpress or Alibaba if you regularly shop online. On the list of the biggest eCommerce enterprises worldwide, this giant Chinese company comes in third!
There aren’t many individuals who haven’t heard of Jack Ma’s success. The life of the Chinese business magnate is a tale of riches and ruin. He started building websites for businesses with his wife and a friend in the early 1990s after receiving rejection letters for more than 30 job applications. The company expanded rapidly, and in 1999, Alibaba Group was established. Today, Alibaba Group is the largest retailer in the world, operating in more than 200 nations.
Information about Alibaba. In a bar in San Francisco, Jack Ma once questioned a random waitress about her earliest memory.

4. Meituan, a Chinese-language equivalent of Groupon

Meituan, a localized shopping site where Chinese people may find goods from their area of the country, was founded in Beijing in 2010. The categories of dining, entertainment, delivery, and travel encompass the majority of the goods and services.

By allowing customers to review restaurants and providing them with group discounts and coupons, the company extended its operations and rose to become one of the top online retailers by 2015.

Facts about Meituan: Over 400,000 partnering agreements with Chinese local businesses are the reason for Meituan’s massive user base of over 300 million active monthly users.

5. Suning — A Major Retailer in China (Non-Governmental)

What began in 1990 as a retail outlet for air conditioners has grown to become one of China’s biggest retailers. Sunning.com, which has its headquarters in Nanjing, employs more than 70,000 people in its 9,000 locations throughout China. The company’s eCommerce portal provides a wide range of products, including 3C products and baby care items.

Sunning , one of the leading online retailers, has one of the biggest delivery networks.

6. Otto Group — German eCommerce Mail Order

Surprisingly, this business is the first one from Europe to be on the list of the biggest online retailers in the world.

The Hamburg-based Otto Group is a leader in retail eCommerce and mail order. They manage almost 60 subsidiary businesses in more than 20 nations. The French 3 Suisses and the British Freemans are a couple of their most well-known brands. The Otto Group has been extending its operations into financial services and real estate for more than five years.

7. Shein — TikTok Famous Online Shopping Company

Many of us haven’t heard of this company until recently, even though it has been existing for over a decade. Shein is a worldwide fashion and lifestyle clothing e-retailer. The company was founded in 2008 in China. Currently, they are employing nearly 10.000 people and distributing to basically every country in the world. Over a short period of time, Shein became one of the biggest online shopping companies, with their app being the most downloaded shopping app in the United States, overthrowing Amazon.

8. Rakuten, Inc, the eCommerce Godzilla of Japan

We briefly work with American businesses before heading back to the Far East. Japanese online retailer Rakuten was established in 1997. They also run the biggest online bank in Japan and accept credit card payments in addition to internet transactions. In total, Rakuten Group owns and operates about 70 companies, ranging from the widely used instant messaging service Viber (which became Rakuten Viber in 2017) to having its brand appear on FC Barcelona’s uniforms.

9. Wayfair — The American eCommerce Home Goods Giant

Wayfair started out as CSN Stores and changed its name to what it is today. One of the biggest online suppliers of home goods today. This digital network connects with over 11,000 suppliers globally to provide its consumer base with about 14 million furniture pieces and home goods. In addition to the United States, Wayfair also has offices and warehouses in Canada, Germany, Ireland, and the United Kingdom.

10. eBay Inc. — The eCommerce Company That Once Sold a Whole Town

For many, the iconic red-blue-green-yellow logo of eBay represents the 1990s, and with good reason. It was a pioneering dot-com bubble business that personified online purchasing. The business was established in 1995 in San Hose, California, and offers a traditional buy-it-now shopping option in addition to an online auction element.

In terms of global eCommerce companies, eBay ranks ninth with over $11 billion in revenue in 2018.