Top 10 E-Commerce: Thair Success & History

E-commerce has radically changed the shopping process by offering many ways to buy easily and with much convenience on the internet. Over the years, a good many e-commerce giants came forward, with each establishing its own trends for online shopping. This list gives the view of the top 10 e-commerce sites and their history.

1. Amazon (Founded: 1994)

Amazon started with Jeff Bezos in 1994 as an online bookstore. It swiftly moved into other categories of products and soon became the largest marketplace for e-commerce in the world. Now, they sell everything from electronics to groceries and have their own service called Amazon Web Services (AWS), that deals with cloud computing.

2. eBay Founded in: 1995

Pierre Omidyar founded eBay in 1995 as an online auction site. It allowed people to buy and sell products through bidding. Over the years, eBay has evolved into a major e-commerce platform with both auction-based and fixed-price listings.

3. Alibaba (Founded: 1999)

Alibaba was founded by Jack Ma in China in 1999. It began as a B2B marketplace and later expanded to B2C and C2C models. Alibaba Group owns Taobao, Tmall, and AliExpress, making it one of the biggest e-commerce conglomerates in the world.

4. Walmart (Online Store Launched: 2000)

Walmart is a very popular retailing giant, and it initiated its e-commerce in 2000. It is trying to be on the same page as Amazon by increasing its online reach by providing grocery delivery, exclusive online deals, and fast shipping.

5. Shopify (Founded: 2006)

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake. Unlike other e-commerce stores, Shopify offers a platform for businesses to create and manage their own respective online stores. To date, it has empowered millions of entrepreneurs to kick start their e-commerce business.

6. Flipkart (Founded: 2007)

Flipkart was founded by Sachin Bansal and Binny Bansal in India in 2007. First, it primarily sold books online but later on, diversified into electronics, clothing, and more. In 2018, Walmart took a majority stake in Flipkart, looking to strengthen its position in the Indian market.

7. Rakuten (Founded: 1997)

Rakuten is a Japanese e-commerce company that was founded in 1997 by Hiroshi Mikitani. It is an online marketplace, similar to Amazon, and sells a variety of products. Rakuten also has global operations, having acquired companies such as Ebates and Buy.com.

8. Etsy (Founded: 2005)

Etsy is a platform that was set up in 2005 to feature handmade, vintage, and unique craft items. Small businesses and independent creators find the medium very popular due to its interest in reaching out to buyers at an international level.

9. JD.com 1998

JD.com is a Chinese e-commerce company that currently ranks as the largest. In 1998, Richard Liu founded it from an electronics store. The most prominent feature that JD.com provides is its delivery service and broad logistics network for fast delivery services.

10. Target (Launched Online Store: 1999)

One of the major retail chains in the US, Target launched its e-commerce site in 1999. It has invested significantly in online shopping and delivery services and provided a completely seamless online and offline shopping experience.