E-Commerce is nowadays the new shopping malls or department stores. It has risen to the demands of the many users who prefer to shop online instead of driving down to the city mall or the department store. The convenience of e-Commerce has undoubtedly surpassed its initial purpose. Today, there are billion dollar e-Commerce companies that exist around the world. Let’s take a look at the 8 biggest e-Commerce companies in the world.
Groupon was launched in 2008 in Chicago. This American e-commerce company completely reshaped the concept of group discount online shopping. Groupon enabled and connected its subscribers to local businesses in 500 cities around the world. Groupon’s premise was simple – its subscribers or the users get a discount while the businesses increase their revenue. It was an amazing win-win formula that has enabled them to weather the rise and fall of world economy and the e-commerce industry over the years.
A little bit of trivia about Groupon: it was said that CBS created a sitcom about two guys working in the company. The show was titled Friend Me. Unfortunately, it was never aired and worse, it was cancelled after a year.
Zalando is based in Berlin, Germany and is the biggest European e-commerce company in the world. Zalando predominantly sells fashion items, such as shoes and apparel. Their online stores are very popular across the European Union and is the go to shopping store for fashion. Zalando’s icon resembles that of a guitar pick.
In 2010, Zalando decided to move into the non-German speaking market and used the slogan, “Scream with Joy”. However, this did not sit well with the Dutch speaking people and it was then dubbed as the worst advertisements ever recorded in the history of commerce.
- B2W Companhia Digital
Brazil’s biggest e-commerce company is B2W Companhia Digital. It is also the largest in the whole of South America. This online retail e-commerce company has a market share of 50% across the Latin American region. B2W Companhia Digital was founded in 2006 and has been very competitive in the industry buying and owning a wide number of online shopping websites. Recently, it was announced its plan to enter the United States market.
The following B2W Digital brands Submarino, Americanas.com, SouBarato, Shoptime, Digital Finance, B2W Services, Submarino Finance offer a wide variety of services from catalogs, telesales, internet, TV as well as newsstands distribution channels.
This Japanese e-commerce company was founded in 1997 and operates Japan’s largest online bank and credit card payments. In addition, Rakuten also operates Japan’s largest online shopping. There are around 70 businesses under the Rakuten Group and it has a very wide reach in the different spectrums of the market. One of its most popular product is Viber – one of the world’s biggest instant messaging app. It has been officially called Rakuten Viber and has started making its way into the world of football fixing their logo onto the FC Barcelona jerseys.
Finally, Rakuten has teamed up with Walmart in Japan in order to operate the grocery delivery services, where people can purchase the groceries online and Rakuten delivers the groceries at the user’s doorstep.
- eBay, Inc.
eBay has been the symbol of the 1990s and early 200s Internet age. It is famous for its red-blue-yellow-green logo that has become a beloved logo by the world. eBay has gone through numerous ups and downs in the Internet industry and it has so far weathered the different dot-com bubbles to be one of the most successful companies. It has epitomized online shopping through a consumer-to-consumer e-commerce platform. eBay was founded in 1995 in San Jose California and offered the most distinctive feature in online shopping – the online auction. It also offered the conventional buy-it-now shopping solution alongside its online auction model.
In 2012, an interesting thing happened within eBay when a whole town was sold on it. The township of Buford in Wyoming was sold to two Vietnamese buyers for a total of around 1 million dollars.
- Alibaba Group Holding Ltd.
Alibaba is quite synonymous with its founder, Jack Ma. The Chinese businessman’s rose to success was a rags-to-riches story that has become a very popular source of inspiration of many a businesses, entrepreneurs and aspiring CEOs. Jack Ma started creating websites for companies together with his wife and a friend. Their humble business grew exponentially and by 1999, the three were able to build the Alibaba Group, which connected businesses to businesses. Today, Alibaba is the world’s largest online retailer.
Jingdong is one of the three major e-commerce company in China and is only rivaled by Jack Ma’s Alibaba Group. Today, this huge Chinese e-commerce company manages a quarter of a billion users. Jingdong was founded in 1998 but only started trading six years later. It is quite known for employing technology in its delivery system – comprising of AI, robots and a huge fleet of drone. Recently, Jingdong has announced that it is planning to design drones that will be capable of delivering products that weigh up to 1 metric ton.
The immortal and sometimes world’s richest man, Jeff Bezos, started Amazon in his small house in San Francisco in 1994. He started the website as a convenient way to buy books. A few years came by and Amazon became a household name as the biggest online shopping website and e-commerce company in the world.