Top 10 E-commerce Giant companies in 2023. Trending Business News
E-commerce or electronic commerce or internet commerce can
define easily as a shop through the internet. Buying and selling of good
products or other services by internet.
And transfer the money fulfilled by the transaction. There are three types of e-commerce businesses.
They are business to business; Which means the exchange of products, ser v, ices
or information between businesses, and businesses to customers; This kind of
business is directly with customers. The customer takes products and Services Trough the transaction. Customers to customers; this platform is for customers, which enables
customers to deal with each other.
E-commerce is an easier way to buy and sell products and quicker transactions. Anit becomes popular among people. It has many advantages- it eliminates the managing cost, you can get any kind of products and services from the world, you can easily connect to the world, fast response to the customers, and allows them to deliver products within seconds of placing an order.
But there are also some disadvantages- no personal touch or tactile experience, products and price comparison, and sometimes there some sellers are frauds, its security issues and, long delivery period.
This disadvantagisn’t’t worked against good and faithful
shopping websites. And e-commerce opend the door. people are being forced to
stay indoors for the coronavirus. E-commerce has made it easier to buy
necessary products from home.
Today we will discuss the e-erce companies, which are
developing day by day and making our life easier.
WORLD'S MOST HARMFUL HACKING GROUP
1. Amazon:
Customers are satisfied with Amazon with their purchases. It is the world's largest online retailer and provides great cloud service. On July 5, 1,994 Jeff Bezos founded Amazon. At fi,tttt Amazon was namas Cadabra for one year which is a short form of abracadabra. JeBezosoes wanted a perfect name for his company. Amazon is the largest river on the planet and he wanted makeade a large bookstore that's why he set this name. CEO Jeff Bezos started the company in 1995 by selling books, and now it become my everything shop. Growth and learning opportunities, clarity of company goals, and flexibility at work were strong in Amazon which makes it more successful, we found it accord going to the survey.
Amazon sells more than 12 million products like- books, media, wine, and services. However, if the products are counted in a separate survey or by Amazon store, it will be more than 350 million late in 1990, Jeff started selling electronics, t, toys and kitchen utensils. It achieves popularity and customer day by day. Amazon hitsewn slogan
. Amazon slogans are as popular as the brand itself. That is Work hard, have fun and make history. And they are fulfilling this accurately. Amazon is the most valuable public company in the world after passing Microsoft. Amazon's market value is now about $797 billion.
- Revenue: US$469.822 billion (2021)
- Operating income: US$24.879 billion (2021)
- Net income: US$33.364 billion (2021)
- Number of employees: 1,608,000 (December 2021)
2. Home Depot:
It is an American home improvement retailer. Bernie Marcus, the 90-year-old billionaire founder of Home Depot. Founded on February 6, 1978, in Marietta, Georgia.
It operates 478 warehouse stores and
sells more than 40,000 items. It has 500,000 orange-blooded associates and
2,300 stores in the U.S., Canada, and Mexico. Home Depot sells tools, construction
products, hardware, builder hardware, lumber, building materials, plumbing,
flooring, garden supplies, and plants.
Its investment continues and improved a lot. And customer’s
online activity says they feel easy to shop here. Home depot improved itself through
its online experience. It provides the highest level of service, the broadest
selection of products, and the most competitive prices. They have a powerful
brand, and strong fundamental performance, and have outperformed the market.
Home Depot acts overwhelmed with its clients. They treat their employees well
and spent money for their community.
Their new slogan, "How Doers Get More Done" was declared on December 5, 2019.
Home Depot’s market value is $411.02 billion, a 43.73
percent annual increase.
- Revenue: US$151.16 billion (2021)
- Operating income: US$23.04 billion (2021)
- Net income: US$16.43 billion (2021)
- Number of employees: 490,600 (December 2021)
3. Walmart:
Walmart Inc. is an American multinational retail and wholesale company. Sam Walton founded it on 2 July 1962. It managed grocery stores, department stores, and hypermarkets, supermarkets, discount shops, neighborhood stores, etc.
It sells a wide variety of merchandise at low prices
at 10,500 stores and Its e-commerce sites. In 1967, after 5 years of Its
begets, it owns 24 stores, ringing up $12.7 million in sales. and after two
years this company officially incorporates as Walmart stores. It has some
business segments by which it operates its business. They are- Walmart U.S.,
Walmart International, and Sam's Club. Walmart’s success secret is its
dedication and committed workforce. Walmart is remarkably unique in size among
the world'sretailersr. Nearly 100
million shoppers visit Walmart's 3,550 stores every week. An easy example for
the American consumer is Walmart. This company with great economical scale can
share Its fixed cost with others many products and this made them one of the
cheapest places to shop. And consumers often come to buy their necessary
products at a cheap rate. They are skilled in the efficient and effective use
of resources. Gains from implementing best practices in the era and experimenting
with less risk. They are most dedicated to their business.
Walmart has its own Walmart Museum also.
- Revenue: US$572.8 billion (2022)
- Operating income: US$25.9 billion (2022)
- Net income: US$13.67 billion (2022)
- Number of employees: 2,300,000 (January 2022)
Alibaba:
Alibaba is a Chinese multinational technology company. Founded on 28 June 1999 by Jack Ma about 23 years ago. They provide e-commerce, cloud computing, mobile commerce, entertainment, artificial intelligence, tv shows, mobile media, films, etc.
It services Alibaba.com, Alibaba cloud, Aliexpress, Aligenic, Taobao, etc. It is a digital marketplace where consumers and merchants can connect and buy and sell from each other. The majority of this company is, they business honestly, They never cheat consumers. They provide standard products at an outstanding price to the customers. Customers got a superior shopping experience. And consumers often come then massive sales volume and realize economies of scale.
Alibaba is one of the world's largest retailers and
e-commerce companies. In 2020, it was also rated as the fifth-largest
artificial intelligence company. It placed the 31st-largest public company in
the world on the "Forbes Global 2000" 2020 list. It is also one of
the world's biggest venture capital firms and investment corporations.
- Revenue: US$134.567 billion (2022)
- Operating income: US$10.985 billion (2022)
- Net income: US$7.427 billion (2022)
- Number of employees: 254,941 (March 2022)
Proses:
Proses is a Dutch multinational conglomerate company. It is a Netherland-based global consumer Internet group. The headquarters is in Amsterdam, Netherlands. Founded in 1997.
process owned by Naspers company. Naspers is a south African multinational internet, technology, and multimedia company. Proses, which is 73%-owned by Naspers, holds a 28.9% stake in Tencent. Proses is best known for its investments in Tencent. Tencent still accounts for 77% of Proses. It provides E-commerce - including its subsidiary, Fintech, food delivery, retail, travel, mobility, and Edtech internet services. Proses provides its service to customers worldwide. Their Net sales are distributed geographically as follows: Europe (52.7%), Latin America (26.7%), Asia (10.2%), North America (9.4%), and others (1%).
Proses is listed on Euronext Amsterdam, with a secondary
inward listing on the Main Board of the Johannesburg Stock Exchange. Its market
value in 2022 is $254.55 billion.
- Revenue: US$6.866 billion (2021)
- Number of employees: 15,677 (December 2021)
Costco Wholesale Corporation:
Costco Wholesale Corporation is an American multinational corporation. James Sinegal and Jeffrey Brotman founded this company on September 15, 1983. Their business is not wide worldwide.
They
do business in several countries. They are- Australia, Canada, China, France,
Iceland, Japan, Korea, Mexico, New Zealand, Spain, Sweden, Taiwan, the United
Kingdom, United States. This company operates an international chain of
membership warehouses. It is an operator of discount stores. They are known as
warehouse clubs or wholesale clubs. The Company sells all kinds of food,
automotive supplies, toys, hardware, sporting goods, jewelry, electronics,
apparel, health, and beauty aids, as well as other goods.
In 2020, Costco was the third largest retailer in the world,
and in 2016, the world's largest retailer of choice and prime beef, organic
foods, rotisserie chicken, and wine. Its market value in 2022 is $237.76
billion.
- Revenue: US$195.93 billion (2021)
- Operating income: US$6.71 billion (2021)
- Net income: US$5.00 billion (2021)
- Number of employees: 288,000 (December 2021)
Reliance Industries:
Reliance is an Indian multinational company. Dhirubhai Ambani founded this company on 8 May 1973, situated in Mumbai, Maharashtra.
They deal in a variety of products including- energy,
petrochemicals, natural gas, retail, telecommunications, mass media,
entertainment, music, television, financial services, software, and textiles.
They produced and explored hydrocarbon and refined and marketed petroleum. Reliance
Power, Reliance Infrastructure, Reliance Capital, Reliance Home Finance, and
Reliance Health are the companies under the Reliance industries. Reliance
fresh, Reliance Trends, Reliance consumers brands, and 7-eleven are the brands
of this company.
The company is ranked 104th on the Fortune Global 500 list of the world's biggest corporations as of 2022. In 2004, Reliance Industries became the first Indian private sector organization to be listed in the Fortune Global 500 list. Reliance Industries became the first Indian company to cross 100 billion dollars in revenues. Its market value is $220.76 billion in 2022.
- Revenue: US$99 billion (2022)
- Operating income: US$12 billion (2022)
- Net income: ₹67,845 (2022)
- Number of employees: 3,42,982 (2022)
Meituan Dianping:
Meituan Dianping is a Chinese shopping platform. Meituan Dianping is China's largest platform for lifestyle services and products ordered through smartphones.
It is one platform that can be said. The headquarters is in Beijing and was founded in 2010 by Wang Xing. It is an online based shopping platform for locally found customers’ products and retail services. They offer deals of the day by selling vouchers for local services and entertainment, dining, delivery, and other services. The company has partnering agreements with over 400,000 local Chinese businesses. Commissioning and advertisements are the main way to increase revenue. They received commission income from merchants and suppliers such as restaurants, store owners, and other vendors.
Meituan accounts for the largest market share by revenue.
This company’s market value is $160.51 billion in 2022.
- Revenue: US$27.77 billion (2021)
- Number of employees: 46,662 (April 2018)
Shopify:
Shopify Inc. is a Canadian multinational e-commerce company. Shopify is a cloud-based, software-as-a-service online selling platform.
This company’s headquartered in Ottawa, Ontario. Founded by Tobias
Lutke, Daniel Weinand, and Scott Lake in 2006. It had more than 1,700,000
businesses in nearly 175 countries through its website as of May 2021. Built
with says the Shopify platform runs more than 1.58 million websites. It helps
small businesses build online stores to sell products on websites or social
media. Shopify can build a modern online store and sell on social media sites,
seller marketplaces, other blogs, and websites, and via email, text, and chat.
Shopify is among the top 20 largest publicly traded Canadian
companies by market capitalization in 2022. Its market value in 2022 is $143.34
billion.
- Revenue: US$4.61 billion (2021)
- Net income: US$2.91 billion (2021)
- Number of employees: 10,000+ (2021)
Target Corporation:
Target Corporation is an American big box department store. Founded by George Dayton on 24 June 1902. Headquartered in Minneapolis, Minnesota.
It provides beauty and health products, bedding,
clothing and accessories, electronics, food and furniture, games, jewelry, lawn
and garden, shoes, toys, etc. its structure is both mechanistic and organic. The
store-level structure is organic. Target operates more than 1,800 stores in the
United States and employs more than 400,000 people.
According to 2019, Target operates 1,931 stores throughout
the United States. And ranked number 37 on the 2020 Fortune 500. Target gained
recognition as one of the best companies in America. By 2008, Target was ranked
No. 8 on Fortune's annual list of the most admired companies in the world.
It is the seventh-largest retailer in the United States. It has become the most dominant retail market in the United States today. Its market value is $110.57 billion in 2022.
- Revenue: US$107 billion (2021)
- Operating income: US$6.539 billion (2021)
- Net income: US$4.368 billion (2021)
- Number of employees: 409,000 (2020)
This is all for today. This may help you to know about some e-commerce companies. we will be back soon with new content. Till stay with us. Thank you.
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