There are many e-commerce companies today. The number has been growing steadily since the inception of online shopping. The business is highly profitable but also highly competitive. Due to this there are many e-commerce sites. Among these some have been able to become some of the most successful websites on the internet. Each of these companies have humble beginnings which have grown to become corporate giants. These companies are so large, they affect national GDP and trade in a large manner. Here’s a list of the biggest e-commerce companies in the world.
Amazon was founded by Jeff Bezos in 1994. The company simply started as a whole sale book seller, selling books in large quantities to different countries. This turned out to be very lucrative which resulted in the company expanding. Jeff Bezos, started offering more and more goods for buyers. As consumer confidence grew in online shopping, so did sales. Due to this, Amazon began to grow at an accelerated pace resulting in the company overtaking Wal-Mart as the biggest retailer in the world. Amazon is also one of the largest IT companies in the world with Jeff Bezos among the top 5 richest people in the world. Further, the company sells some of their own products ass well such as Amazon Kindle, which are sets of e-book readers and Amazon Alexa, a smart assistance. Further, Amazon has many warehouses and warehouse racking Sydney all over the world. Along with That, Amazon also has many other services as well.
eBay is a site founded by Pierre Omidyar. It is one of the successful stories of the dot com bubble. Unlike Amazon, eBay works differently offering bids for products. One of the first products sold was a broken laser pointer which when Omidyar inquired the buyer, he states that he was a collector of broken laser pointers. This gave Omidyar the motivation to continue the business in this manner. Similarly, Pay Pal was a service owned by eBay which was then sold off. Unlike Amazon that uses warehouses and reliable warehouse shelving, eBay has been able to successfully maintain their current model and earn their revenue by charging the slower when placing an item and then charging them another fee when the item is sold.
Alibaba is a site that was founded by Jack Ma. Jack Ma, made the site so that it would act as a portal for Chinese manufacturers to meet foreign buyers. The business became extremely successful and has boosted trade in China. The revenue generated from Alibaba is said to be grater than many other ecommerce companies combined. It is one of the most successful internet companies in China. The company has also expanded into other related industries as well.