Many eCommerce competitors probably breathed a sigh of relief when Jeff Bezos said in early February that he would stand down from his position later in 2021. After all, eCommerce companies are in direct rivalry with Amazon, the online retail behemoth that sells everything. You can know about the Top 7 Amazon Competitors.
Alibaba is a global company that focuses on online wholesale selling. It was founded in 1999 by a former English teacher and a few pals. They had 758 million active users as of June 2020. While they focus on online sales, their business model is not the same as Amazon’s. Alibaba is made up of three different firms. Alibaba focuses on B2B sales, Taobao focuses on B2C sales, and Tmall focuses on multinational brands.
eBay has become a household name. They are so well-known that their name is acknowledged as a transitive verb in the dictionary. That’s correct. You can claim you’re going to sell your items on eBay, and it’ll make perfect sense. That’s an award that not even Amazon can add to its long list of accomplishments.
Walmart is the world’s largest retail conglomerate, with inexpensive department and warehouse stores. Although the worldwide retail behemoth is best known for its brick-and-mortar department stores, it also has a significant online presence.
While Apple’s success is primarily due to their flagship physical locations and first-class branding, they can compete with online marketplaces such as Amazon, much like Walmart. Apple and Amazon have surpassed the $1 trillion mark in market capitalization. Apple was the first US business to achieve this achievement in August 2018 and the first US Company to reach a market capitalization of $2 trillion.
Rakuten, Inc. is an international eCommerce firm based in Japan founded in 1997. They control over 10% of the eCommerce retail market in this country. They made almost $130 billion in internet sales in Japan in 2019! To expand their international footprint even further, they have purchased a few companies, including buy.com, PriceMinister, and play.com.
Otto sells products from various brands on its eCommerce site, making it a one-stop shop for European shopping. Otto has a wide range of product categories, from fashion to technology. When you combine that with their user-friendly layout, it’s no surprise that they generated $3.8 billion in revenue from online sales in 2019.
Flipkart is an eCommerce company founded in India with over 100 million registered consumers. While they are newer to the market than some of the other companies mentioned, becoming India’s largest online retailer did not take long. Walmart, the world’s largest retailer, took notice of its performance and purchased more than 70% of Flipkart’s stock in 2018.
Jingdong is a Fortune Global 500 firm. Richard Liu founded the company in 1998, and it is now one of China’s top three eCommerce platforms. Tmall and Taobao, two of Alibaba’s enterprises, compete with this Chinese eCommerce business. JD sells a wide variety of low-cost items, including electronics, home appliances, and even fresh food. They also provide retailers with the option of purchasing in bulk. They have more than 300 million active users.