Friday, October 18, 2024

15 World’s Biggest E-commerce Companies in 2022

15 World’s Biggest E-commerce Companies- Based on data from the company’s annual report in 2022, there are 15 world’s biggest e-commerce companies in 2022. They are the king of the world’s online commerce market with their own uniqueness with the extensive market. In 2022, they get billions of dollars in profits with assets A Billion of US Dollars.

15 World's Largest E-Commerce Companies in 2022

E-commerce itself is a concept and a way of trading (buying or selling products electronically/online). E-commerce activities can be carried out via a computer, tablet, or smartphone. The effectiveness and efficiency of trading using e-commerce methods will be much preferable to conventional trading. In the early 2000s, this e-commerce trade began to grow rapidly along with the advancement of information technology and network connectivity between countries or regions around the world. At first, several companies such as Amazon and eBay tried to pioneer the online transaction system and along with the development of time and technology. From time to time, many e-commerce companies are growing to become new players in the e-commerce industry with their uniqueness. Along with the global pandemic of Covid-19, e-commerce can help the customer get their products via online distribution.

The List of 15 World's Largest E-Commerce Companies in 2022

The proliferation of e-commerce companies around the world certainly has its own impact on business competition in this sector. Many companies provide unique marketplaces that make it easy for customers to trade or buy goods online. Here are the 10 largest e-commerce companies in the world in 2022. This data comes from the Annual Reports of each company in 2022.

The World’s Biggest E-commerce Companies Ranking Table in 2022 based on The Net Income


Rank	Companies	Assets	Assets	Liabilities	Liabilities
		Origin Currency	in US Dollar (USD)	Origin Currency	in US Dollar (USD)
1	Amazon	462 billion USD	462 billion USD	316 billion US Dollar	316 billion US Dollar
2	Alibaba	255 billion USD	255 billion USD	91.7 billion USD	91.7 billion USD
3	Rakuten	12.5 trillion Yen	87 billion USD	11.9 trillion Yen	83 billion USD
4	JD	86 billion USD	86 billion USD	46.5 billion USD	46.5 billion USD
5	Pinduoduo	34.3 billion USD	34.3 billion USD	17.3 billion USD	17.3 billion USD
6	Meituan	244 billion Yuan	34.16 billion USD	115 billion Yuan	16 billion USD
7	Ebay	20.8 billion USD	20.8 billion USD	15.6 billion USD	15.6 billion USD
8	Suning	139 billion Yuan	19.4 billion USD	124 billion Yuan	17.3 billion USD
9	Otto Group	14 billion Euro	14 billion USD	8.9 billion Euro	8.9 billion USD
10	Mercado Libre	13.7 billion USD	13.7 billion USD	11 billion USD	11 billion USD
11	Shopify	10.7 billion USD	10.7 billion USD	2.5 billion USD	2.5 billion USD
12	Coupang	9.5 billion USD	9.5 billion USD	7 billion USD	7 billion USD
13	Zalando	7.6 billion Euro	7.6 billion USD	5.4 billion Euro	5.4 billion USD
14	Copart	5.3 billion USD	5.3 billion USD	683 million USD	683 million USD
15	WayFair	3.5 billion USD	3.5 billion USD	6.1 billion USD	6.1 billion USD
Source: Annual Report, 2022
Currency Rate:	1 Euro = 1 US Dollar (USD)
	1 Yen = 0.007 US Dollar (USD)
	1 Yuan (RMB) = 0.14 US Dollar (USD)
Origin Currency – Currency that officially Used in Annual Report 2022
US Dollar – Converted Currency from Origin Currency into US Dollar Using Currency Rate

Related to the company’s performance, here are some additional data related to the condition of the company’s assets and Liabilities (debts). This data comes from the Balance Sheet which is taken from the Annual reports of each company in 2022.

Table of Assets and Liabilities of 15 World’s Biggest E-commerce Companies in 2022


Rank	Companies	Revenue	Revenue	Net Income	Net Income / Loss
		Origin Currency	in US Dollar (USD)	Origin Currency	in US Dollar (USD)
1	Alibaba	126 billion USD	126 billion USD	9.5 billion USD	9.5 billion USD
2	Pinduoduo	18.9 billion USD	18.9 billion USD	4.5 billion USD	4.5 billion USD
3	JD	151 billion USD	151 billion USD	1.4 billion USD	1.4 billion USD
4	Copart	3.5 billion USD	3.5 billion USD	1 billion USD	1 billion USD
5	Mercado Libre	10.5 billion USD	10.5 billion USD	482 million USD	482 million USD
6	Zalando	10.3 billion Euro	10.3 billion USD	16.8 million Euro	16.8 million USD
7	Coupang	20.5 billion USD	20.5 billion USD	(-92 million USD)	(-92 million USD)
8	Otto Group	16.1 billion Euro	16.1 billion USD	(-413 million Euro)	(-413 million USD)
9	Meituan	219 billion Yuan	30 billion USD	(-6.6 billion Yuan)	(0.9 billion US Dollar)
10	Ebay	9.7 billion USD	9.7 billion USD	(-1.2 billion USD)	(-1.2 billion US D)
11	WayFair	12.2 billion USD	12.2 billion USD	(-1.3 billion USD)	(-1.3 billion US D)
12	Suning	70.9 billion Yuan	9.9 billion USD	(-16.2 billion Yuan)	(-2.2 billion US D)
13	Rakuten	1.92 trillion Yen	13.4 billion USD	(-375 billion Yen)	(-2.6 billion US D)
14	Amazon	513 billion USD	513 billion USD	(-2.7 billion USD)	(-2.7 billion US D)
15	Shopify	5.5 billion USD	5.5 billion USD	(-3.4 billion USD)	(-3.4 billion US D)
Source: Annual Report, 2022
Currency Rate	1 Euro (EUR) = 1 US Dollar (USD)
	1 Japanese Yen (JPY) = 0.007 US Dollar (USD)
	1 Yuan (RMB) = 0.14 US Dollar (USD)
Origin Currency – Currency that officially Used in Annual Report 2022
US Dollar – Converted Currency from Origin Currency into US Dollar Using Currency Rate

Brief Description of the 15 World’s Biggest E-commerce Companies in 2022

1.Alibaba

Alibaba is a Chinese multinational company that specializes in e-commerce and technology. Until now, Alibaba has been one of the biggest e-commerce companies in the world. The company owns and operates diverse businesses around the world in various sectors and has become one of the most admired companies in the world by Fortune Magazine. In 2018, the market capitalization value of this company reached more than 500 billion US Dollars.

Based on its history, Alibaba was founded by Jack Ma and Peng Lei in Hangzhou, Zhejiang, China on April 4, 1999. Along with the company’s business development, until now the company has employed around 66 thousand employees worldwide and has operations in more than 200 countries in the world. the world with assets recorded in the financial statements 2022 reaching 255 billion US dollars. Furthermore, In 2022, this company recorded a positive performance by recording a profit of 9.5 billion US dollars.

2.Amazon

Amazon is one of the world’s largest e-commerce companies in 2020. The company is one of the most admired companies in the e-commerce field. Founded on July 5, 1994, in Bellevue, Washington, United States, this company has grown to become one of the world’s biggest e-commerce companies with assets of 321 billion US dollars. Of course, the key figure of this company is Jeff Bezos, who is a former alumnus of Princeton University, United States.

To date, Amazon has employed about 647,000 employees spread across the world. In 2022, based on annual report, the company recorded a negative performance by suffering net loss of -2.7 billion US Dollar.

3.JD

JD is known as “Jingdong” is a leading e-commerce company that has main office in Beijing, China. Based on history. This company was formerly called 360buy. The company was founded by Liu Qiangdong in 1998. The company has become one of the global biggest e-commerce companies from China besides Alibaba from time to time. Until now, the company has more than 1000 storage warehouses spread across the world with annual active customers who transact through JD.com reaching 500 million.

Until now, Based on Annual Report 2022, this company has assets of 86 billion US dollars. While the performance in 2022, based on the company’s annual report in 2022, the company managed to earn a profit of 1.4 billion US dollars.

4.eBay

eBay is one of the leading e-commerce companies in the United States. Founded on September 3, 1995, by Pierre Omidyar, the company that was formerly called AuctionWeb and has its main office in San Jose, California, United States. From time to time, this company has employed about 13 thousand employees spread all over the world. In 2022, based on the 2022 annual report, the assets owned by this company reached 20 billion US dollars. Furthermore, the company’s performance showed negative results by suffering with -1.2 Billion US Dollar of net loss.

5.Shopify

Shopify is a Canadian-based e-commerce company that has a main office in Ottawa, Ontario, Canada. The company was founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake. To date, Shopify has employed approximately 7000 employees spread across Canada.

In 2022, based on the annual report, the assets owned by this company reached 10.7 billion US dollars. In 2022, the company’s performance showed negative results by suffering a net loss of 3.4 billion US Dollars.

6.Zalando

Zalando is an e-commerce company from Germany that has a main office in Berlin, Germany. The company was founded in October 2008 by Rocket Internet, Robert Gentz, and David Schneider. In business terms, the company’s operations spread across several countries, especially the European Union, such as Germany, Austria, Switzerland, France, Belga, Netherlands, Italy, Spain, Poland, Sweden, Denmark, Finland, Norway, Slovenia, Ireland, Luxembourg, Czech Republic. and Great Britain. In 2022, based on the company’s financial statements, the assets owned by this company reached 7.6 billion Euros. According to the annual report in 2022, the net profit obtained by this company reached 16.8 million euros.

7.Coupang

Coupang is the largest e-commerce company in South Korea. The company has a main office in Jamsil-dong, Songpa-gu, Seoul, South Korea. Founded on July 1, 2008, this company has grown rapidly to become a leading e-commerce company in South Korea and the world with around 37 thousand employees. In 2022, the company’s assets will reach 9.5 billion US dollars. In terms of business performance, based on Annual Report 2022, this company experienced a negative performance by getting a net loss of -92 million US Dollars.

8.Rakuten

Rakuten Group Kabushiki-Kaisha or known as Rakuten is a leading e-commerce company from Japan headquartered in Setagaya, Tokyo, Japan. The founder of this e-commerce company is Hiroshi Mikitani. Until now, this company has employed about 18 thousand people. In 2020, the company, which was founded on February 7, 1997, has assets of 12.5 trillion Yen / 87 billion US Dollar. However, based on the company’s 2022 annual report, it showed that this company had a net loss of -375 billion Yen / -2.6 billion US Dollar.

9.Suning

Suning is a Chinese e-commerce company that has its main office in Nanjing, China. According to the company’s history, the company was founded by Zhang Jindong in 1990 and has employed 300 thousand employees. In 2022, this e-commerce company from China has assets of 139 billion Yuan / 19.4 billion US Dollar. In relation to business performance, the company still suffered net loss -16.2 billion Yuan / -2.2 billion US Dollar.

10.Pinduoduo

Pinduoduo is an e-commerce company from China that was founded in 2015. Until now, the company has a main office in Shanghai China with a total employee of about 5 thousand people. In 2022, based on the company’s annual report 2022, this company has assets of 34.3 billion US Dollar. In addition, the company’s performance showed positive results by recording a net income of 4.5 billion US Dollar.

11.Meituan

Meituan is a Chinese e-commerce company for consumer products and retail services including entertainment, dining, delivery, travel and other products. Historically, this company was founded in 2010 and has grown rapidly to become one of the biggest e-commerce companies in China. Operationally, Meituan has a main office in Beijing, China, which employs 46 thousand people.

Financially, in 2022, according to its annual report, Meituan has assets around 244 billion Yuan / 34.16 billion US Dollar with liabilities around 115 billion Yuan / 16 Billion US Dollar. Based on the business performance in 2022, Meituan gained revenue around 219 billion Yuan / 30 billion US Dollar but suffered net loss around (-6.6 billion Yuan) / (0.9 billion US Dollar).

12. Otto Group

Historically, the Otto Group was founded on August 17th, 1949, by Werner Otto. In the beginning, this company was a mail-order company. Operationally, this company has a main office in Otto (GmbH & Co KG), Hamburg, Germany. Along with business development, Otto Group has grown into one of the main companies in e-commerce with 10 million active customers.

Financially, in 2022, Otto Group has assets around 14 billion Euro / 14 billion US Dollar with liabilities around 8.9 billion Euro / 8.9 billion US Dollar. Furthermore, in 2022, the company’s revenue was 16.1 billion Euro / 16.1 billion US Dollar but suffered net loss around (-413 million Euro) / (-413 million US Dollar).

13.MercadoLibre

MercadoLibre is one of the largest online commerce companies in Latin America based on unique visitors and orders processed. Along with business development, MercadoLibre has expanded its service in some countries in Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay, Venezuela, Bolivia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Paraguay and El Salvador. Furthermore, MercadoLibre trades a wide range of categories such as consumer electronics, apparel and beauty, home goods, automotive accessories, toys, books and entertainment and consumer packaged goods.

Mercado Libre Financial Conditions in 2022

Financially, in 2022, MercadoLibre has assets of around 13.7 billion US Dollar with Liabilities around 11 billion US Dollar. Based on the business performance in 2022, MercadoLibre gained revenue around 10.5 billion US Dollar and Net income around 482 million US Dollar.

14.Copart

Copart is an e-commerce company with a mainly focus on online auto auction industry. Historically, Copart was founded in 1982 by Willis J. Johnson in Vallejo, California and still has a main office in Dallas, Texas, United States of America (USA). Along with business development, Copart has some office presence in the United Arab Emirates, Finland, Germany, Brazil, Spain, and Germany.

Financially, according to Annual Report, in 2022, Copart has assets around 5.3 billion US Dollar with Liabilities around 683 million US Dollar. Based on the business performance in 2022, Copart gained revenue around 3.5 billion US Dollar and net income around 1 billion US Dollar.

15. Wayfair

Wayfair is an e-commerce company which focuses on home & furniture products. Along with business development, Wayfair has served 21.8 active customers. Furthermore, Wayfair has 40 million products, and 20 thousand suppliers. Financially in 2022, According to Annual Report in 2022, WayFair has assets around 3.5 billion US Dollar and liabilities around 6.1 billion US Dollar. In terms of business performance, the revenue of Wayfair reached 12.2 billion US Dollar but suffered net loss around (-1.3 billion US Dollar).

The Summary of World’s Biggest E-Commerce Companies in 2022 Based on Total Assets

The Rank of 15 World's Largest E-Commerce Based on Total Assets

The Revenue of 15 World's Biggest E-Commerce Companies in 2022

The Rank of 15 World's Largest E-Commerce Based on Total Revenue

Reference Source 15 World’s Biggest E-commerce Companies in 2022.

Amazon. 2023. Annual Report 2022. Accessed Via https://ir.aboutamazon.com/annual-reports-proxies-and-shareholder-letters/default.aspx on August 16^th, 2023.

Alibaba. 2023. Annual Report 2022. Accessed Via https://www.alibabagroup.com/en/ir/reports on August 16^th, 2023.

Jingdong (JD). 2023. Annual Report 2022. Accessed Via https://ir.jd.com/annual-reports on August 16^th, 2023.

eBay. 2023. Annual Report 2022. Accessed Via https://investors.ebayinc.com/financial-information/financial-summary/default.aspx on August 16^th, 2023.

Shopify. 2023. Annual Report 2022. Accessed Via https://investors.shopify.com/financial-reports/default.aspx on August 16^th, 2023.

Zalando. 2023. Annual Report 2022. Accessed Via https://corporate.zalando.com/en/investor-relations/annual-report-2020 August 16^th, 2023.

Coupang. 2023. Annual Report 2022. Accessed Via https://ir.aboutcoupang.com/English/home/default.aspx on August 16^th, 2023.

Rakuten. 2023. Annual Report 2022. Accessed Via https://global.rakuten.com/corp/investors/documents/annual.html on August 16^th, 2023.

Suning. 2023. Annual Report 2022. Accessed Via https://www.suning.cn/static/snsite/contentresource/2020-05-22/2fb07c2f-79eb-4420-8e00-35cf9a973568.pdf on August 16^th, 2023.

Pinduoduo. 2023. Annual Report 2022. Accessed Via https://investor.pddholdings.com/financial-information/annual-reports on August 16^th, 2023.

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15 World's Biggest E-commerce Companies in 2022