Top 10 Biggest E-Commerce Companies in The World (2022)

The E-commerce industry has grown significantly in the last few years, thanks to the Covid-19 Pandemic and several others factors such as the expansion of the internet in several parts of the globe. It is no surprise that some of the biggest companies in the world are eCommerce companies. Although some of these companies are enormous names in the industry, a couple of them are still relatively unknown. We have however compiled a list of the top 10 Biggest E-Commerce Companies in The World in 2022.

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Biography

1. Amazon

American multinational technology company, Amazon is the biggest e-commerce company in the world, with an estimated Market cap of $1.3 Trillion. Aside from e-commerce, Amazon also provides other services such as cloud computing, digital streaming, and artificial intelligence. It has been referred to as “one of the most influential economic and cultural forces in the world,” and is one of the most valuable companies in the world.

Amazon was founded by Jeff Bezos on July 5, 1994. Initially, as an online marketplace for books, it has however expanded into a multitude of product categories. It has multiple subsidiaries including Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite Internet), and Amazon Lab126 (computer hardware R&D). Its other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market.

2. Alibaba

Alibaba is a Chinese multinational technology company and one of the biggest e-commerce companies in the world, with an estimated Market cap of $244 Billion.  It is also one of the biggest venture capital firms and investment corporations in the world, as well as the second largest financial services group behind Visa. It was also rated as the fifth-largest artificial intelligence company in 2020.

The company was founded by Jack Ma in  June 1999. It provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors

3. Meituan

Meituan takes third place among the biggest e-commerce companies in the world, with an estimated Market cap of $134 Billion. The company is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel, and other services.

Meituan was founded by Wang Xing in 2010 and is headquartered in Beijing. The Company operates different apps and websites for different services. It is also one of the world’s largest online and on-demand delivery platforms. It has over 290 million monthly active users and 600 million registered users as of April 2018.

4. Jingdong

Jingdong Mall also known as  JD.com is a Chinese company and one of the biggest e-commerce companies in the world, with an estimated Market cap of $88 Billion.  It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500, and a major competitor to Alibaba-run Tmall.

The company was founded by Liu Qiangdong on June 18, 1998, and its retail platform went online in 2004. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, and similar items. The company changed its domain name to 360buy.com in June 2007 and then to JD.com in 2013.

5. Pinduoduo

Chinese agricultural-focused technology platform, Pinduoduo takes fifth place among the biggest e-commerce companies in the world, with an estimated Market cap of $$61 Billion. The platform is used to connect farmers and distributors with consumers directly through its interactive shopping experience. In 2019, nearly 12 million farmers supplied their fruits and vegetables to Pinduoduo users.

Pinduoduo was founded by Colin Huang in 2015, with its headquarters in Changning District, Shanghai. The platform has an average of  724.6 million monthly active users. As of December 31, 2020, Pinduoduo has generated RMB 1.67 trillion (US$262 billion) gross merchandise value (GMV).

6. Mercado Libre

The argentine company, Mercado Libre joins the list of the biggest e-commerce companies in the world, with an estimated Market cap of $44 Billion. It is the biggest e-commerce platform in Latin America, With over 174.2 million monthly active users in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, and Spain among others.

Mercado Libre was founded by Marcos Galperin in 1999 in Argentina.  It is headquartered in Montevideo, Uruguay, incorporated in the United States, and operates several online marketplaces dedicated to e-commerce and online auctions.  The company also runs a real estate and motors division under the name Mercado Libre Classificados and a secure payment system called  MercadoPago.

7. Shopify

Canadian multinational company, Shopify, with an estimated Market cap of $42 Billion takes seventh place among the biggest e-commerce companies in the world. The platform offers online retailers a suite of services including payments, marketing, shipping, and customer engagement tools.

Shopify was founded by Tobias Lütke and Scott Lake in 2006. It presently has over 1.7 Million businesses in approximately 175 countries using its platform. Shopify is also among the top 20 largest publicly traded Canadian companies by market capitalization.

8. Shopee

Shopee is a Singaporean multinational technology company, with an estimated market cap of $36 Billion, making the list of the biggest e-commerce companies in the world. It is a subsidiary of Sea Ltd and was first launched in Singapore in 2015, and later expanded its reach abroad.

Shopee is widely considered the largest e-commerce platform in Southeast Asia with 343 million monthly visitors, and the company also serves consumers and sellers throughout several countries across East Asia, Latin America, and Europe who wish to purchase and sell their goods online.

9. Coupang

Coupang is a South Korean company and one of the biggest e-commerce companies in the world, with an estimated Market cap of $30 Billion.  It is often referred to as the “Amazon of South Korea”, due to its position and corporate size in the South Korean online market.

Coupang was founded by Bom Kim in 2010 and has since expanded to become the largest online marketplace in South Korea. The expansion has led the company into several other services such as Coupang Play, a video streaming distribution service, and Coupang Eats, a food-delivery service like Uber Eats.

10. Copart

Concluding the list of the biggest e-commerce company in the world is Copart, an American-based company, with an estimated Market cap of $29 Billion. The company provides online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies in 11 countries; the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland.

Copart has more than 200 physical locations around the world, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses around the world. They also provide vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet.

Summary

Here is a recap of the top 10 Biggest E-Commerce Companies in The World in 2022.

1. Amazon
2. Alibaba
3. Meituan
4. Jingdong
5. Pinduoduo
6. MercadoLibre
7. Shopify
8. Shopee
9. Coupang
10. Copart