10 World’s Biggest E-commerce Companies- Based on data from the company’s annual report in 2020, there are 10 world’s biggest e-commerce companies in 2020. They are the king of the world’s online commerce market with their own uniqueness with the extensive market. In 2020. They get Billions of dollars in profits with assets Billion of US Dollars.
E-commerce itself is a concept and a way of trading (buying or selling products electronically/online). E-commerce activities can be carried out via a computer, tablet, or smartphone. The effectiveness and efficiency of trading using e-commerce methods will be much preferable to conventional trading. In the early 2000s, this e-commerce trade began to grow rapidly along with the advancement of information technology and network connectivity between countries or regions around the world. At first, several companies such as Amazon and eBay tried to pioneer the online transaction system and along with the development of time and technology. From time to time, many e-commerce companies are growing to become new players in the e-commerce industry with their uniqueness. Along with the global pandemic of Covid-19, e-commerce can help the customer get their products via online distribution.
The proliferation of e-commerce companies around the world certainly has its own impact on business competition in this sector. Many companies provide unique marketplaces that make it easy for customers to trade or buy goods online. Here are the 10 largest e-commerce companies in the world in 2020. This data comes from from the Annual Reports of each company in 2020.
The World’s Biggest E-commerce Companies Ranking table in 2020 based on the profits achieved by companies in 2020.
| Rank | Companies | Net Income | Net Income |
|---|---|---|---|
| (Currency in Annual Report) | (In US Dollar) | ||
| 1 | Alibaba | 21.8 Billion US Dollar | 21.8 Billion US Dollar |
| 2 | Amazon | 21.3 Billion US Dollar | 21.3 Billion US Dollar |
| 3 | JD | 7.5 Billion US Dollar | 7.5 Billion US Dollar |
| 4 | Ebay | 5.6 Billion US Dollar | 5.6 Billion US Dollar |
| 5 | Shopify | 319 Million US Dollar | 319 Million US Dollar |
| 6 | Zalando | 226 Million Euro | 266 Million US Dollar |
| 7 | Coupang | (-474 Million US Dollar) | (-474 Million US Dollar) |
| 8 | Rakuten | (-115 Billion Yen) | (-1 Billion US Dollar) |
| 9 | Suning | (-6.9 Billion RMB) | (-1 Billion US Dollar) |
| 10 | Pinduoduo | (-1.1 Billion US Dollar) | (-1.1 Billion US Dollar) |
| Source : Annual Report, 2020 | |||
| Currency Rate | 1 Euro = 1.18 US Dollar | ||
| 1 Yen = 0.009 US Dollar | |||
| 1 Yuan (RMB) = 0.15 US Dollar | |||
Related to the company’s performance, here are some additional data related to the condition of the company’s assets and Liabilities (debts). This data comes from the Balance Sheet which is taken from the Annual reports of each company in 2020.
Table of Assets and Liabilities of 10 World’s Biggest E-commerce Companies in 2020
| Companies | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|
| Currency in Annual Report | in US Dollar | Currency in Annual Report | in US Dollar | |
| Amazon | 321 Billion US Dollar | 321 Billion US Dollar | 228 Billion US Dollar | 228 Billion US Dollar |
| Alibaba | 257 Billion US Dollar | 257 Billion US Dollar | 92 Billion US Dollar | 92 Billion US Dollar |
| Rakuten | 12.5 Trillion Yen | 112 Billion US Dollar | 11.8 Trillion Yen | 106 Billion US Dollar |
| JD | 64 Billion US Dollar | 64 Billion US Dollar | 30 Billion US Dollar | 30 Billion US Dollar |
| Suning | 212 Billion Yuan | 31.8 Billion US Dollar | 135 Billion Yuan | 20 Billion US Dollar |
| Pinduoduo | 24.3 Billion US Dollar | 24.3 Billion US Dollar | 15.1 Billion US Dollar | 15.1 Billion US Dollar |
| Ebay | 19.3 Billion US Dollar | 19.3 Billion US Dollar | 15.7 Billion US Dollar | 15.7 Billion US Dollar |
| Shopify | 7.7 Billion US Dollar | 7.7 Billion US Dollar | 1.3 Billion US Dollar | 1.3 Billion US Dollar |
| Zalando | 6.4 Billion Euro | 7.5 Billion US Dollar | 4.3 Billion Euro | 5 Billion US Dollar |
| Coupang | 5 Billion US Dollar | 5 Billion US Dollar | 5.6 Billion US Dollar | 5.6 Billion US Dollar |
| Source : Annual Report, 2020 | ||||
| Currency Rate | 1 Euro = 1.18 US Dollar | |||
| 1 Yen = 0.009 US Dollar | ||||
| 1 Yuan (RMB) = 0.15 US Dollar | ||||
Brief Description of the 10 World’s Biggest e-commerce Companies in 2020.
1.Alibaba
Alibaba is a Chinese multinational company that specializes in e-commerce and technology. Until now, Alibaba is one of the biggest e-commerce companies in the world. The company owns and operates diverse businesses around the world in various sectors and become one of the most admired companies in the world by Fortune Magazine. In 2018, the market capitalization value of this company reached more than 500 billion US Dollars.
Based on its history, Alibaba was founded by Jack Ma and Peng Lei in Hangzhou, Zhejiang, China on April 4, 1999. Along with the company’s business development, until now the company has employed around 66 thousand employees worldwide and has operations in more than 200 countries in the world. the world with assets recorded in the financial statements 2020 reaching 257 billion US dollars. Furthermore, In 2020, this company recorded a positive performance by recording a profit of 21.8 billion US dollars.
2.Amazon
Amazon is one of the world’s largest e-commerce companies in 2020. The company is one of the most admired companies in the e-commerce field. Founded on July 5, 1994, in Bellevue, Washington, United States, this company has grown to become one of the world’s biggest e-commerce companies with assets of 321 billion US dollars. Of course, the key figure of this company is Jeff Bezos, who is a former alumnus of Princeton University, United States.
To date, Amazon has employed about 647,000 employees spread across the world. In 2020, based on the 2020 annual report, the company recorded a positive performance by achieving a profit of 21.3 billion US Dollars.
3.JD
JD is known as “Jingdong” is a leading e-commerce company that has main office in Beijing, China. Based on history. This company was formerly called 360buy. The company was founded by Liu Qiangdong in 1998. The company has become one of the global biggest e-commerce companies from China besides Alibaba from time to time. Until now, the company has more than 1000 storage warehouses spread across the world with annual active customers who transact through JD.com reaching 500 million.
Until now, Based on Annual Report 2020, this company has assets of 64 billion US dollars. While the performance in 2020, based on the company’s annual report in 2020, the company managed to earn a profit of 7.5 billion US dollars.
4.eBay
eBay is one of the leading e-commerce companies in the United States. Founded on September 3, 1995, by Pierre Omidyar, the company that was formerly called AuctionWeb and has its main office in San Jose, California, United States. From time to time, this company has employed about 13 thousand employees spread all over the world. In 2020, based on the 2020 annual report, the assets owned by this company reached 19.3 billion US dollars. In 2020, the company’s performance showed positive results by achieving a 5.6 billion US dollars profit.
5.Shopify
Shopify is a Canadian-based e-commerce company that has a main office in Ottawa, Ontario, Canada. The company was founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake. To date, Shopify has employed approximately 7000 employees spread across Canada.
In 2020, based on the 2020 annual report, the assets owned by this company reached 7.7 billion US dollars. In 2020, the company’s performance showed positive results by achieving a profit of 319 million US Dollars.
6.Zalando
Zalando is an e-commerce company from Germany that has main office in Berlin, Germany. The company was founded in October 2008 by Rocket Internet, Robert Gentz, and David Schneider. In business terms, the company’s operations spread across several countries, especially the European Union, such as Germany, Austria, Switzerland, France, Belga, Netherlands, Italy, Spain, Poland, Sweden, Denmark, Finland, Norway, Slovenia, Ireland, Luxembourg, Czech Republic. and Great Britain. In 2020, based on the company’s financial statements, the assets owned by this company reached 6.4 billion Euros. According to the annual report in 2020, the net profit obtained by this company reached 226 million euros.
7.Coupang
Coupang is the largest e-commerce company in South Korea. The company has main office in Jamsil-dong, Songpa-gu, Seoul, South Korea. Founded on July 1, 2008, this company has grown rapidly to become a leading e-commerce company in South Korea and the world with around 37 thousand employees. In 2020, the company’s assets will reach 5 billion US dollars. In 2020, based on Annual Report 2020, this company experienced a negative performance by getting a net loss of (-474 Million US Dollars).
8.Rakuten
Rakuten Group Kabushiki-Kaisha or known as Rakuten is a leading e-commerce company from Japan headquartered in Setagaya, Tokyo, Japan. The founder of this e-commerce company is Hiroshi Mikitani. Until now, this company has employed about 18 thousand people. In 2020, the company, which was founded on February 7, 1997, has assets of 12.5 trillion yen. However, in 2020, based on the company’s 2020 annual report, it showed that this company had a net loss of (-115 Billion Yen).
9.Suning
Suning is a Chinese e-commerce company that has its main office in Nanjing, China. According to the company’s history, the company was founded by Zhang Jindong in 1990 and has employed 300 thousand employees. In 2020, this e-commerce company from China has assets of 212 billion yuan (RMB)). Meanwhile, in 2020, the company’s performance decreased by recording a net loss of (-6.9 Billion Yuan (RMB)).
10.Pinduoduo
Pinduoduo is an e-commerce company from China that was founded in 2015. Until now, the company has a main office in Shanghai China with a total employee of about 5 thousand people. In 2020, based on the company’s annual report 2020, this company has assets of 24.3 billion US dollars. In 2020, the company’s performance showed negative results by recording a net loss of (-1.1 Billion US Dollars).
Here is Our Video About the 10 World’s Biggest E-commerce Companies on YouTube. Check This Out :
Reference Source 10 of the World’s Biggest E-commerce Companies in 2020.
Amazon. 2021. Annual Report 2020. Accessed Via https://ir.aboutamazon.com/annual-reports-proxies-and-shareholder-letters/default.aspx on August 16th, 2021
Alibaba. 2021. Annual Report 2020. Accessed Via https://www.alibabagroup.com/en/ir/reports on August 16th, 2021
Jingdong (JD). 2021. Annual Report 2020. Accessed Via https://ir.jd.com/annual-reports on August 16th, 2021
eBay. 2021. Annual Report 2020. Accessed Via https://investors.ebayinc.com/financial-information/financial-summary/default.aspx on August 16th, 2021
Shopify. 2021. Annual Report 2020. Accessed Via https://investors.shopify.com/financial-reports/default.aspx on August 16th, 2021
Zalando. 2021. Annual Report 2020. Accessed Via https://corporate.zalando.com/en/investor-relations/annual-report-2020 August 16th, 2021
Coupang. 2021. Annual Report 2020. Accessed Via https://ir.aboutcoupang.com/English/home/default.aspx on August 16th, 2021
Rakuten. 2021. Annual Report 2020. Accessed Via https://global.rakuten.com/corp/investors/documents/annual.html on August 16th, 2021
Suning. 2021. Annual Report 2020. Accessed Via https://www.suning.cn/static/snsite/contentresource/2020-05-22/2fb07c2f-79eb-4420-8e00-35cf9a973568.pdf on August 16th, 2021
Pinduoduo. 2021. Annual Report 2020. Accessed Via https://investor.pinduoduo.com/index.php/financial-information/annual-reports on August 16th, 2021
Nice Article.
Very helpful and informative.