In the past couple of decades the world has gone through so many changes, although perhaps one of the things that has changed our lives the most is the convenience that e-commerce platforms bring us, so we were curious to find out which are the largest online retailers in the world in 2017.
Online shopping has become a way of life – it’s easy, it’s fast, and everything you buy gets delivered to your doorstep with minimum effort from your part. Sure, there are downsides since there are plenty of situations when people didn’t get what they thought they were actually buying, or they got the wrong shirt size. Thankfully, there’s such a thing as a return policy in place in most online shops.
The ecommerce market just keeps on growing. In 2016, for instance, 53% of global Internet users have made an online purchase – that’s over 1.5 billion people. The ecommerce market in China alone reached $1 trillion, while the US market is closing in on $400 billion per year. The UK, Japan, and Germany follow up next, all with sales of over $100 billion every year, shows the Global eCommerce Sales, Trends and Statistics for 2016 report.
In order to create our list of the largest online retailers in 2017, we went out digging, looking at various reports from Statista, Fun Global Retail Tech, and WWD. Perhaps not very surprising, many of the names that ended up on our list are also present on the list of the top 100 global retailers, which is pretty much because any major business that respects itself has figured out that if they want to have a better brand presence and to make more money, they also need to move online, not just to keep up the brick-and-mortar stores.
The top retailers in the world in 2017, such as Amazon.com, Inc. (NASDAQ:AMZN), for instance, are all making significant profits from their online sales. For each company, the percentage the online sales represent in the whole revenue is growing each year.
You can also check out our list of the 10 largest online shopping sites in the world.
We checked out the online sales for these top retailers in 2017 and made a list based on these numbers, ending up with the largest e-commerce companies by revenue. Then, we also went out and checked each company’s market cap because the sale numbers may be important, but so is how the company is performing in general and how much trust investors have in them. We handed out scores for each of them and tallied up the numbers. When we had a tie, we pushed up the company that had bigger online sales.
That being said, here is the list of the 10 largest online retailers in the world.