Top 10 Largest E-commerce Companies in the World in 2021

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Adi Ahdiat 03/01/2023 15:20 WIB

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According to a report by Activate Consulting, Alibaba was the world's largest e-commerce company in 2021.

Top 10 E-commerce Companies by Gross Merchandise Value (GMV) in the World (2021)

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Top 10 E-commerce Companies by Gross Merchandise Value (GMV) in the World (2021)

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According to a report by Activate Consulting, Alibaba was the world's largest e-commerce company in 2021.

Activate measured the strength of e-commerce companies based on online gross merchandise value (GMV), which is the accumulated gross value of merchandise sold through digital websites or applications.

Throughout 2021, Alibaba is estimated to have had an online GMV of US$1.2 trillion, far exceeding its global competitors. Below it were Amazon, JD.com, Pinduoduo, Apple, eBay, Shopee, Suning.com, Rakuten, and Walmart, with GMV details as shown in the graph.

Overall, Activate estimated the global e-commerce GMV in 2021 to reach US$5.1 trillion.

The country with the largest market share in 2021 was China, which controlled 51% of the total global e-commerce GMV. This was followed by the United States (19%), the United Kingdom (5%), Japan (3%), South Korea (3%), and Germany (2%).

Activate projects the global e-commerce GMV to rise to US$5.8 trillion in 2022 and continue to grow to reach US$9.4 trillion in 2026.

"Growth will be driven by large e-commerce players and businesses targeting all consumer categories," said Activate in its Technology & Media Outlook 2023 report.

"Even high-end consumer category businesses such as automotive, jewelry, and furniture will accelerate their shift to the online market," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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