In this article, we are going to list the 5 Fastest Growing E-Commerce Companies in 2020. To read our detailed analysis of the e-commerce industry and trends, please go to the 15 Fastest Growing E-Commerce Companies in 2020.
5. Alibaba Group Holding Ltd. (NYSE: BABA)
Market cap: $652.7 billion
Revenue Growth in 2020: 35%
Ranking 5th on the list of the 15 fastest growing e-commerce companies in 2020 is China’s leading online retailer Alibaba Group. Alibaba had total revenue of $78.3 billion for the fiscal year ended on March 31, 2020. The company operates its wholesale and retail e-commerce business through its subsidiaries including Taobao, Tmall, and Alibaba.com. In 2020, Alibaba recorded a big annual active consumer with 780 million consumers in China while over 180 million consumers outside the country.
The Chinese tech-driven company also engages in the cloud computing business posting revenue growth of 62% to $5.6 billion in 2020. Shares of BABA increased 32% over the last twelve months.