Taobao is a Chinese online shopping platform among top eCommerce companies. The company have headquartered in Hangzhou. It is owned by Alibaba. It have ranked as the eighth most-visited website in 2021. Taobao.com was registered on April 21, 2003, by Alibaba Cloud Computing (Beijing) Co., Ltd. Taobao marketplace facilitates consumers-to-customer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores. They mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau, and Taiwan) and abroad, making them payable by online accounts. In addition, its stores usually offer an express delivery service.
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Sellers can post products for sale either through a fixed price or an auction. Auctions make up a small percentage of transactions. Where the majority of the products are new merchandise at fixed prices. Buyers can assess seller backgrounds on the site using ratings, comments, and complaints. Over 1 million products are listed until 2016. The combined transaction volume of Taobao Marketplace and Tmall reached 3 trillion Yuan in 2017.
Shop feedback An excellent way to investigate a Taobao is by clicking the shop’s rating icon. For Tmall.com shops, people click the starts to review their ratings. Taobao users usually read feedback and compare items from multiple shops. Feedback can be genuine or artificial, requiring users to make their judgments. In addition, feedback can be posted by competitors. Every trade deal includes a section of customer feedback. Shop owners often put effort into maximizing positive comments. Negotiation may happen between sellers and consumers over their satisfaction ratings.
Amazon is an American multinational technology company. The company focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the big five companies in the U.S. information technology industry, including Google, Apple, Microsoft, and Facebook. The company has been referred to as “one of the most influential economic and cultural forces in the world,” as well as the world’s most valuable brand.
Jeff Bezos founded Amazon from his garage in Bellevue, Washington, on July 5, 1994. It started as an online marketplace for books but expanded to sell electronics, software, videogames, apparel, furniture, goods, toys, and jewellery. In 2015, this company surpassed Walmart as the most valuable retailer in the United States by market capitalization. Amazon acquired the whole foods market for US$13.4 billion In August 2017, which substantially increased its footprint as a physical retailer. In 2018, its two-day delivery service, Amazon Prime, surpassed 100 million subscribers worldwide. Amazon is one of the best for buying and selling among top eCommerce companies.
Amazon is known for its disruption of well-established industries through technological innovation and mass scale. It is the largest internet company by revenue in the world. In addition, it is the 2nd largest private employer in the United States and one of the world’s most valuable companies. Amazon distributes various downloadable streaming content through its Amazon Prime Video, Amazon Music, Twitch, and Audible subsidiaries. It also has a publishing arm, film and television studio, Amazon Studios, and a cloud computing subsidiary, Amazon web services. Amazon has been criticized for technological surveillance overreach, hyper-competitive, demanding work culture, tax avoidance, and anti-competitive behaviour.
Walmart LLC. is an American multinational retail corporation among top eCommerce companies. It operates a chain of hypermarkets, discount department stores, and glossary stores from the United States. The headquarter of Walmart is in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas, in 1962 and was incorporated under Delaware General Corporation Law on October 31, 1969. It is also owned and operated by Sam’s Club retail warehouse.
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Walmart has 10,524 stores, clubs in 24 countries, operating under 48 different names until July 31, 2021. This company operates under the name Walmart in the United States and Canada. Walmart is the world’s largest company by revenue, with US$ 548.743 billion by fortune global 500 lists in 2020. It is also the largest private employer in the world, with 2.2 billion employees. It is a publically traded family-owned business, as the Walton family controls the company.
Sam Walton heirs own over 50% of Walmart through their holding company Walton Enterprises and their holdings. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart’s US$510.329 billion sales came from U.S operations. Walmart was listed on the New York Stock Exchange in 1972. By 1988, it was the most profitable retailer in the U.S. Moreover, it had become the most significant revenue by October 1989. The company was initially geographically limited to the South and lower Midwest, but it had stored from coast to coast by the early 1990s.
eBay is an American multinational e-commerce corporation based in San Jose, California overall top eCommerce companies. The company facilitates consumer-to-consumer and business-to-consumer sales through its website. It was founded by Pierre Omidyar in 1995 and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries as of 2019. It manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services. The website is free for buyers, but sellers are charged a fee for listing items after a limited number of free listings and when those items are sold.
In addition to eBay’s original auction-style sales, the website has expanded to include: instant “Buy it Now” shopping, shopping by Universal Product Code, ISBN, or other kinds of SKU numbers and other services. eBay previously offered online money transfers as part of its online classified advertisement and online event ticket trading services.
Target Corporation is an American retail corporation. It is the eighth largest retailer in the United States, a component of the S&P 500 index. The company was established itself as the discount division of the Dayton’s Company of Minneapolis, Minnesota, in 1961. It began expanding the stores nationwide in 1980(as part of the Dayton-Huston Corporation) and introduced new store formats under the Target brand in 1990. The company has found success as a cheap-chic player in the industry. The parent company was renamed the Target Corporation in 2000 and divested itself of its last department store chains in 2004. It suffered from a massive and high publicized security breach of customer credit card data.
It failed among top eCommerce companies due to its short-lived Target Canada subsidiary in the early 2010s but experienced revitalized success with its expansion in urban markets within the United States. As of 2019, Target operated 1,844 stores throughout the United States. The company is ranked 37 on the 2020 fortune 500 lists of the largest United States corporations by total revenue. Their retail formats include the discount store Target, the hypermarket Super Target. The “small format” stores were previously named City Target, and Target express before being consolidated under the Target branding.
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As of May 2016, Target Corporation operates 41 distribution centres across the United States. These distribution centres ship items directly to Target stores except for vendor-supplied items, such as greeting cards and soda. Unlike Walmart, its grocery selection does not come from its distribution centres but from the companies with whom target has partnered. The retail chain’s first distribution centre opened in Fridley, Minnesota, in 1969.
Target included a computerized distribution system and was known as the Northern Distribution Center. During this time, the chain consisted of 17 stores after having expanded into Oklahoma and Texas.
Alibaba Group is a Chinese multinational technology company among top eCommerce companies. It specializes in e-commerce, retail, the internet, and technology. The company was founded on June 28, 1999, in Hangzhou, Zhejiang. Alibaba provides consumer-to-consumer, business-to-consumer, and business-to-business sales services via web portals. It also serves electronic payment services, shopping search engines, and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors. On September 19, 2014, Alibaba’s initial public offering (IPO) in New York Exchange raised US$ 25 billion. It gives the company a market value of US$ 231 billion. By far, then the largest IPO in world history.
Alibaba is one of the top valuable corporations and is named the 31st largest public company globally on the Forbes Global 2000, 2020 list. In January 2018, Alibaba became the 2nd largest Asian company to break the $500 billion valuation mark after its competitor Tencent. Moreover, Alibaba becomes the sixth-highest global brand valuation in 2020. Alibaba is one of the world’s largest retailers and e-commerce companies. The company was marked as the 5th largest artificial intelligence company in 2020. It is also one of the most prominent venture capital firms and one of the most significant investment corporations in the world.
The company hosts the largest B2B (Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplace in the world. In addition, it has been expanding into the media industry, with revenues rising by triple percentage points year after year. Alibaba also set the record on the 2018 edition of China’s Single’s Day, the world’s biggest online and offline shopping day.
Flipkart, an Indian e-commerce company headquartered in Bangalore, Karnataka and India. This company was incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other products. As a result, it includes different categories such as consumer electronics, fashion home essentials, groceries, and lifestyle products. No doubt, it is famous but it uses rarely than other top eCommerce companies.
The services compete primarily with Amazon’s Indian subsidiary and domestic rival Snapdeal. As of March 2017, Flipkart held a 39.5% market share of the Indian e-commerce industry. In addition, Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra. Described as being “neck and neck” with Amazon in selling electronics and mobile phones. Flipkart also owns PhonePe, a mobile payments service based on the UPI. In August 2018, U.S.-based retail Chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around $20 billion.
The initial development budget of FlipKart was US$5,300. It later raised funding from venture capital firms Accel India and Tiger Global. On August 24, 2012, Flipkart announced the completion of its 4th round of funding, netting a total of US$ 150 million from MIH and ICONIC Capital. The company announced on July 10, 2013, that it had raised an additional US$200 million from existing investors, including Tiger Global, Naspers, Accel Partners, and ICONIC Capital.
Flipkart reported sales were US$530,000 in 2008-2009, US$2.7 million in 2009-2010, and US$ 10 million in 2010-2011. Flipkart reported a loss of US$37 million in 2012-2013. In July 2013, Flipkart raised US$ 160 million from private equity investors.
Newegg Commerce is an online retailer of computer hardware and consumer electronics. It is based in the City of Industry, California. In 2016, Liaison Interactive Chinese Technology Company acquired a majority stake in NewEgg in an investment deal. In 2020, NewEgg entered into a merger agreement with Lianlou Smart Limited. As a result, wherein NewEgg, stockholders became the majority of owners of LIT. Following the merger’s consummation, NewEgg was listed as a publically traded company on NASDAQ in May 2021 as Newegg Commerce and is considered in one of the famous top eCommerce companies.
A U.S. immigrant from Taiwan, Fred Chang, established the company in 2001. Chang was Newegg’s chairman and CEO until August 1, 2008. After that, he announced stepping down as CEO and chairman while remaining a member of the board of directors and executive committee. A Tally Liu succeeded him. However, Chang also retained his position as a president of Chinese operations. In 2010, upon the departure of Liu, Chang took up his old role as CEO of the company. Newegg also sponsors technology industry events and P.C. game tournaments for Counter-Strike, Warcraft 3, and Rome: Total War. In addition, Newegg had a monthly case mod contest in 2005 in which computers with esoteric appearance and functions.
Overstock is an American internet retailer selling primarily furniture in Midvale, Utah, near Salt Lake City. Patrick M. Byrne founded it in 1999. The company initially sold exclusively surplus and returned merchandise o an online e-commerce marketplace. In addition, Overstock liquidates the inventories of at least 18 failed dot-com companies at below wholesale prices.
The company continued to sell home décor, furniture, bedding, and many other closeout merchandise goods. Also, new merchandise is sold on this website which is also offered on other top eCommerce companies. In May 2002, Overstock held an IPO at a per-share price of $13. After achieving significant growth and profits in some early quarters, the company achieved a profit of $7.7 million in 2009. Overstock reported its first billion-dollar year in 2010.
The business started rebranding in early 2011 as “O.co” to simplify and unify its international operations. But this effort a few months later, citing consumer confusion over the new name. Part of Overstock.com’s merchandise is purchased by or manufactured specifically for the company. Most of the products are handmade goods for Overstock by workers in developing nations. The company also manages the inventory supply for other retailers. In addition to its direct retail sales, Overstock.com began offering online auctions on its website in 2004, known as Overstock.com Marketplace and later O.co Marketplace. But in 2011 service retired.
After initially relying solely on word-of-mouth marketing from customers, the company turned to a distinctive television advertisement starring German actress Sabine Ehrenfeld. Later, they would employ other advertising spokespersons. In July 2006, John J. Byrne, the father of Overstock’s chief executive, resigned from the board of directors after a public airing of the elder Byrne’s unhappiness with his son’s actions against naked short-selling. In August 2008, Jack Byrne said that after “much initial skepticism,” he believed his son was “right all along” about the battle and lawsuits with short-sellers and analysts. In 2021 the Byrne returned to the Overstock.com board of directors.
10. Best Buy
Best Buy, also called Best Buy.co., LLC., is an American multinational consumer electronics retailer company headquartered in Richfield, Minnesota. Richard established the company. Schulze and James Wheeler in 1966 as emphasis as audio especially store called Sound of Music. Under its current name, it rebranded with a focus on consumer electronics in 1983. Best Buy operates internationally in Canada and formally runs in China until February 2011 and in Mexico until December 2020. The company also worked in Europe until 2012 like other top eCommerce companies.
The company’s subsidiaries include Greek Squad, Magnolia Audio Video, and Pacific Sales. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China. In addition, best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, Sprint Corporation in the United States. In Canada, carriers include Bell Mobility, Rogers Wireless, Talus Mobility, their fighter brands, and competing for smaller carriers, such as SaskTel.
According to Yahoo! Finance, Best Buy is the largest specialty retailer in the United States Consumer electronics retail industry. In addition, the company ranked 72 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. During the lockdown and increased frequency of working from home caused by the COVID-19 pandemic, Best Buy announced that its U.S. online sales for the Q2 of 2020 have tripled.