Top 10 eCommerce Companies in the World 2018

Posted in Top Brand Lists, Total Reads: 921
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3. Alibaba

Alibaba is one of the China’s biggest ecommerce firms and was founded by 18 people led by Jack Ma, a former English teacher from Hangzhou in 1999.


Image: flickr.com/photos/leighklotz/

Jack Ma believed that it will empower small businesses and will level the playing field by leveraging innovation and technology to compete in the global economies. They enable the businesses to transform their way of doing business by providing them fundamental technological infrastructure so that they can leverage the power of internet to engage with the users and customers.

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As the name suggests it opens for small- to medium-sized companies. Alibaba is the most valuable retailer in the world since 2014 and has its operations expanded in more than 200 countries. In year, 2018 it became the 2nd Asian company to break the $500 billion valuation mark. In the early phase Soft bank, Goldman Sachs invested heavily in Alibaba. In 2016, company was able to achieve GMV of $478 billion and aims to double it by 2020. The company accounted for 80% of the total online sales happening in their nation through their online portal in 2014 and feature around billion of products due to which it was featured in the world’s top 20 most visited sites. Alibaba is planning to spend 500 billion yuan over five years to build robust logistic network in China and around the world.

Revenues (B$): 22.99

Growth Rate: 42%



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