Top 10 eCommerce Companies in the World 2017

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Ecommerce and online shopping has become a very important industry serving customers all over the world. With the increasing penetration of internet & smartphones, ecommerce has grown rapidly. From clothes, baby products, consumer electronics etc everything is not available at the click of a button and delivered to your doorstep. Some of the top ecommerce companies include Amazon, Alibaba, Otto, Walmart along with GroupOn, Zalando, Rakuten, eBay etc. Here is the list of the top 10 ecommerce companies in the world 2017.

Almost all the leading brands in the world use the best ecommerce brands to promote & sell online. Apart from customer engagement, the growth of the biggest ecommerce companies in the world are driven by high value funding by venture capitalists and investors, as they see a huge potential in online selling in the future. Such big is the impact & disruption of the largest ecommerce brands that even popular retailers have had to jump to the online sale bandwagon to avoid decline in business.

Quick Glance at Top e-Commerce companies in the world

1st place: Amazon

2nd place: Alibaba

3rd place: Walmart

4th place: Otto

5th place: JD

6th place: Priceline

7th place: eBay

8th place: Rakuten

9th place: Zalando

10th place: GroupOn

For More details about rankings and parameters, read on.

10. GroupOn

The company was founded in 2008 by Andrew Mason and has become on the leading ecommerce brands worldwide.

Image: Wikimedia

GroupOn mainly aims at getting people together in order to reach a certain goal and its first deal was with a Motel bar. After that the business started to take a fast pace by the spread of the word, and the name was spread almost to 28 countries, which shows the strong global presence on GroupOn.

It started entering the international markets like Belgium, UK, Germany, France, Italy, and Spain etc. Its main marketing strategy is involved in making campaigns that are different and entertained the customers.

Live off, Group awn are well known campaigns. Based out of Chicago, GroupOn provides a marketplace that connects millions of subscribers with its local merchants by providing services like travel, goods and services in more than 28 countries. In order to hold international operations, they targeted the companies that brought them best deals by purchasing the goods and services in the related geographies. They acquire such companies. They are rebranded as GroupOn, once acquired. Using the Points Platform the Team worked as an assurance contract. The deal will be available to all only when a certain number of people sign up for the offer. This reduces risk to retailers where they might be forced to give sharp discounts only to a few and struggle to sell the remaining at higher prices.

They gained traction as there is no requirement to pay any marketing fee upfront. They survived on commission from the revenue generated which the merchants were happy to pay from their sales.

Revenue: $ 3.1 Billion

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