Top 10 eCommerce Companies in the World 2017

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7. eBay

Ebay was founded in 1995 by Pierre Omidyar’s and has grown to become a leading ecommerce player globally.


Image: flickr.com/photos/janitors/

eBay’s headquarter is located in San Jose, California, and initially the name of the eBay used is “Auction web”. Later it was changed to “Ebay” in 1997, and it was made public on 21st September, 1998, as basically it is an online trading company from person to person on internet.

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It is a marketplace where sellers list their items of various categories and buyers start bidding the product they like. The process is automated. It has altogether a specific business model. Ebay charges the sellers in two ways. One is based on the opening bid of the item. This is called as the Insertion fee. If the item is highlighted or made bold then there will be an extra charge.

After the auction, a Final Value fee is charged to the sellers. Ebay also notifies its buyers and sellers if once they exceed the minimum price of the seller. Ebay got in to American markets which can be considered as the pioneer of the online marketplace idea. Their motto was to create a trading platform where anything (legal, of course!) can be bought and sold. It was a huge success that it was till five to ten years ago.

eBay was the first place where you can get almost everything that you can get in a brick and mortar store at comparable or better prices. In short, since eBay's founding in 1995, they onboarded sellers from all over the globe and facilitated billions of transactions

Revenue: $ 8.9 Billion



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