Insider Monkey published an article title 15 Fastest-Growing E-Commerce Companies in 2020, which detailed these companies’ financial data. This summary would divide it into American and Asian companies.
The 15 Fastest Growing E-Commerce Companies in 2020 is as follows.
American Companies
Walmart is the largest retailer in the world, with over 11,500 stores worldwide. In 2020 they recorded a revenue of $524 billion, and in the last twelve months, their shares grew by 15.59%
GoDaddy Inc offers productivity tools for online sellers globally. It was considered the fastest-growing e-commerce company with a revenue of $3.3 billion and 1.4 million new users in 2020. Their stock has gained over 50% in the past twelve months.
eBay is an e-commerce platform that connects consumers across the world. By 2020 they had 185 million consumers, revenue of $10.2 billion, and a share increase of 116%.
Target Corp offers general merchandise and grocery items at a low price. In 2020, in-store sales and online sales went up by 20.5% and 118%, respectively. Their record revenue was $92.4 billion, and their shares have increased 92%.
Facebook has 1.84 billion active users. In Facebook marketplace, users can list items to buy and sell. There have also been paid advertising portions in the application. That alone brought in $84.1 billion in revenue. In the past twelve months, the shares of Facebook increased by 95.9%, and they had a revenue of $85.9 billion.
Kaspien Holdings Inc. is a software company that helps brands in increasing their online distribution on digital marketplaces. In Q3 of 2020, their revenue was $38.9 million.
Amazon engages in online retailing business and cloud computing services. It has net sales of $3,861 billion and was one of the companies that benefited the most during the pandemic. Their shares increased by 61.6% in the past twelve months.
Shopify, the Canada-based retail software, focuses on small and medium-sized enterprises. It had a revenue of $2.9 billion in 2020, and its shares increased by 223% over the past twelve months.
Etsy is the fastest growing e-commerce company of 2020. The company offers a craft-centric platform for online sellers and buyers around the world. In 2020, their revenue was at $1.27 billion, and their stock gained over 579% over the past twelve months.
Asian Companies
A Chinese AI company, Baidu, specializes in internet and marketing services, and they are slowly venturing into the electronic vehicle market. After this announcement, their stocks grew by 190%. In 2020, they had a revenue of $16.4 billion.
The Japanese company Rakuten is known for its internet services and fintech segments. It holds 55% of the e-commerce market in Japan. In 2020, their growth increased by 19.9%, reaching $41 billion, and their stocks have also increased by 115%.
Suning.com Co. Ltd is a Chinese e-commerce website that sells electronic products and home appliances. Even if the stock fell by 21% over the last 12 months, their presence on online platforms boosted their sales, and there was a 52% increase in online shoppers. Their 2020 revenue was $39.7 billion.
Tencent operates as an internet services company that engages in e-commerce, mobile games publishing, artificial intelligence, and payment system solutions. In Q3 of 2020, their revenue was $18.4 billion, and their stock has gained 84% in the last twelve months.
JD.Com Inc is a Chinese company that sells electronic and general products domestically and internationally. In 2020, their revenue was $114.3 billion, and their shares jumped by 125%.
The leading online retailer in China, Alibaba, has a total revenue of $78.3 billion and has 780 million consumers in China alone. Their revenue in 2020 grew by 62%, and their shares increased by 32%.
Read more of Insider Monkey’s The 15 Fastest Growing E-Commerce Companies in 2020 here.
