The recent rise of globalization and digital platforms for entertainment, business, and education. The credit goes no less but to some of the innovative minds, who created “Impossible” as I’m able to access products and services at the very fingertip, sitting under our air-conditioned or enjoying the village view in some remote areas.
eCommerce has seen its recent developments in the last decade. They have changed the taste, preferences, and comfort of global consumers. Here, in this piece of article, we are going to discuss the top three global e-commerce giants and their functions in the industry of their focus:
- Amazon.com, Inc
The global giant and the largest e-commerce name we all know “Amazon ” was founded by Jeff Bezos 28 years ago in his garage in Bellevue, Washington, U.S. Amazon has gained its reputation for providing genuine trust in this service throughout the globe. From books, electronic gadgets, clothes, accessories, kid toys to cosmetics etc, the e-commerce has served all types of products and services to its consumers. With a market capitalization of 1,691 Billion U.S. Dollars and with a revenue of 469.82 Billion U.S. Dollars the e-commerce giant is no less than a “King”.
- Alibaba Groups
The Chinese e-commerce “Dragon” makes no surprise in the list. Its tale of success is a story that very few have not heard. Jack Ma, the founder of this mega-giant company vision, used to start the company in the year 1999 in Hangzhou, Zhejiang to be the global wholesaler in the e-commerce business. It wouldn’t be a lie to say that, Alibaba serves everything under the sun, from every product you can name in your household it is there in Alibaba for both the customers and the retailers. With a valuation of 267 Billion U.S. Dollars and revenue of 134 Billion U.S. Dollars the Chinese e-commerce “Dragon” makes the largest e-commerce business in the Chinese market and one of the largest in the world.
- eBay Inc.
eBay, an American multinational e-commerce company, is the most visited e-commerce site in the world, which makes it very difficult to be excluded from the list of Top 3 giants. Currently, operating in 32 countries around the globe with the motto “Buy it now” the e-giant stands with 10.42 Billion U.S. Dollars as the current revenue as per latest statistics record. PayPal is another fintech company wholly owned by eBay.
E-commerce has changed our daily lives with its service and products. Undoubtedly, from booking a ticket from “MakeMyTrip” to buying the best outfit for the trip from ”Myntra”. Choosing academic sessions for our children from Unacademy, BYJUs etc. to Amazon, Flipkart has changed and created a parallel, virtual world alongside our physical world. It is no less than a virtual “Dream” some three to four decades ago, to get everything at the very tip of our fingers. However, e-commerce has changed it all, an irreversible change of a whole new world is brought to us. The above are the Top 3 e-giants that pushed the change a little way for a long change in both the International and domestic markets.