Furthermore, by the end of September 2021, the Alibaba Ecosystem reached approximately 1.24 billion consumers worldwidea 62 million increase from June 2021 figures. Furthermore, eBays Best Price Guarantee offers consumers a generous 110% rebate to make up for the price difference between a product they bought on eBay and an identical listing on a competing website. Furthermore, B2C ecommerce increased by 11%, while cross-border purchases jumped to 25% in 2019 alone. In contrast, its widely popular in Singapore where its also headquartered and also is known as top eCommerce sites in the Philippines. USA. IP's e-Commerce Secure Box (developed by our Spanish corrugated packaging team) was recognized with the prestigious 2023 WorldStar of Packaging Award. Sustainability isnt just a buzzwordits among the trends that will change the way companies do their business. Canada In 2021, Alibaba.com served more than 34 million buyers from 190 countries. The number of sellers in 2021 reached 129,752almost double that of 2020s 69,351. Jack Mas company has almost doubled its net revenue in the two years spanning 2019 to 2021 from approximately $59 billion to $113 billion. In 1995, the first-ever online Amazon order was placeda book. For Q3 2021, Tencent had total revenues amounting to USD 22.0 billion, which showed a 13% increase compared to Q3 2020. Taobao: 15. In addition to these, Meituans new initiative and other segments also experienced a 66.7% YoY increase. The ecommerce companys revenue has been growing steadily for over a decade. Its gross margin also expanded by 90 basis points, bringing the total to 26.4%. Below are some of the trends that will impact ecommerce in 2022: The use of third-party cookies to collect user data is coming to an end. The company employs an array of technologies like Content Delivery Network, Google Analytics, and LetsEncrypt to ensure that its able to deliver a seamless UX for visitors. In its. Certain segments, particularly its food delivery and in-store, hotel, and travel segments, enjoyed significant growth, with a total aggregate profit of RMB 4.7 billion. In 2020, this grew to $255.6 billion. Direct-to-the-consumer or D2C trade, where businesses can sell directly to consumers, is expected to make waves in 2022. While social media platforms are an integral part of the online shopping experience, retailers websites and traditional search engines like Google and Bing are still important components in the consumers quest for convenience and product or service discovery. This figure includes sales from online market platforms and electronic data interchange transactions. As more banks and payment platforms are beginning to include crypto in their offerings, its expected that it will become a more mainstream mode of payment not only in 2022, but also in the years to come. In January 2022, it had a market value amounting to USD 1.649 trillion. The new IKEA app reached 33.5 million users in 2021, and app downloads more than doubled during that period. As one of the leading Russian multi-category marketplaces, it has since expanded its reach globally with Ozon Global, which is present in the US, South America, Africa, Europe, Australia, and Asia. Rakuten Ichiba is Japans largest ecommerce marketplace. . It also opened several new warehouses in the US, Canada, Japan, and Taiwan. The list of the top ten ecommerce companies in the world is currently dominated by American companies, with five of the ten, . Branded as a global consumer internet group, Prosus isnt just an investment group. While it is immensely popular in the US and Canada, Wayfair is also popular in Europe. 2 Position Nos. Overstock.com had a total net revenue of $689 million for Q3 2021, which decreased by 4% YoY. Ajio. The US ecommerce market follows China, with a 2020 revenue of USD 843.15 billion. In Japan, Rakuten Ichiba is recognized as the most trusted ecommerce marketplace, even outperforming the global ecommerce juggernaut Amazon. A majority of the ecommerce companies on our list share the following common features, which help, Marketplace functionality thats geared toward third-party entities, enabling ecommerce companies to provide value-added services and a more comprehensive product range, Seamless ordering and shipping process, enabling greater convenience and better shopping experiences, Membership programs, which incentivizes consumer shopping behavior, Mobile-friendly interface, which allows consumers to access ecommerce websites from their mobile devices, Personalization, which enables ecommerce companies to showcase recommendations, offers, and experiences that are optimized for and relevant to their customers, Amazon dominates the industry as its revenue continues to grow year after year. Carousell. In 2021, it had 178.8 million visitors per month and had net revenues of $33.9 billion, showing a 43.3% increase. , which now makes it resemble the way Amazon operates. It also enjoyed brisk comparable sales (up 12.7%) during the 3rd quarter, as more shoppers made their way to Targets physical stores and visited the retailers website. The Chinese online discount retailer reported a total net revenue of RMB24.9 billion (USD 3.9 billion) for Q3 2021, a 7.5% YoY increase from the previous years RMB23.2 billion. In fact, its predicted that by 2040, a whopping 95% of purchases will be made via ecommerce channels. Now owned by retail giant Walmart, the ecommerce companys revenue grew by 25% in FY21. Not being able to embrace sustainability in practices may adversely affect a companys growth. It was also an early investor in Alibaba, which has now become one of the largest ecommerce companies in the world. WebWorld Top eCommerce Companies List by Market Cap as on Jan 7th, 2022 AMAZON.COM. March 2, 2023 9:26 am By Agency. WebThe website can also say a lot about your vision. According to Prosus Group CFO, , the value of its ecommerce business, which was pegged at $39 billion, takes up 17% of the companys total value. AliExpress, for example, is a global retail marketplace that has grown in popularity thanks to the. It operates around 200 discount department stores and showcases more than 80,000 products. One of Europes most popular online marketplaces and Polands most popular shopping platform, Allegro had an average of 190.2 million visits per month in 2021, worldwide. Its expected that the Chinese market will retain the lead through 2025, with its CAGR predicted to increase to 8.2% in 2025. The COVID-19 pandemic prompted businesses and consumers to go digital, increasingly accessing goods and services available on online platforms. Its operating income also grew by 27% for a total of $20.2 billion. Its one of the most popular online marketplaces for housewares and has a current market cap of $15.36 billion. It raked in 238.4 million site visits per month in the US and 36 million visits per month in the UK. Amazon. Coupang has. Aside from Facebook Shops, the platform also has, , which is used by 1 in 3 people in the US to buy and sell products. Its active customers also increased from 43.4 million to 43.9 million. According to Prosus Group CFO Basil Sgourdos, the value of its ecommerce business, which was pegged at $39 billion, takes up 17% of the companys total value. It had an average of 241.5 million visitors per month in 2021 alone. , making it one of the worlds largest ecommerce companies. Germany The path to purchase no longer necessarily follows a linear, clear-cut path. Its also one of the largest e-commerce companies in revenue around the world. Walmart currently operates around 10,500 stores and clubs in 24 countries and ecommerce websites. In 2021, Target, one of the largest retail chains in the US, had an average of 182.2 million visits per month, making it one of the top ecommerce websites. , the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. Amazon; eBay; JingDong (JD) Walmart; Alibaba; AliExpress; Taobao; Flipkart; Rakuten; Etsy ; Mercado Libre ; 1. However, the South Korean electronics and appliance manufacturer commands sizable website traffic. Both Mercari JP and Mercari US enjoyed increased GMV rates, with the former having a 15% YoY GMV growth, while the latter with a 17% YoY GMV growth. Its one of the most popular online marketplaces for housewares and has a. of $15.36 billion. , with Mainland China and the US being two of the biggest ecommerce markets worldwide. 9. That is a five-time increase , its trademark private-label brand, Kirkland Signature, enjoyed global growth, generating sales exceeding $59 billion. are an integral part of the online shopping experience, retailers websites and traditional search engines like Google and Bing are still important components in the consumers quest for convenience and product or service discovery. In 2021, the company had total revenues of $36,564.5 million, a market value of $8,618 million, and 69,398 employees. The company is backed by another ecommerce giant, Alibaba. In Europe, it had 59.1 million visits per month in 2021. Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. dollars) [Graph]. But despite the meteoric rise of the ecommerce industry, not all ecommerce firms have enjoyed successes. According to The Future of Commerce, global sales through social media platforms were estimated at 992 billion U.S. dollars in the year 2022, and the forecasts have suggested that social commerce sales will reach approximately 2.9 Sales generated online are also at an all-time high, compared to pre-pandemic rates. not only in online retail, but also in ecommerce, technology, and internet marketing, among other ventures. Its GMV increased to 40% or $12.1 billion, bringing its 2nd quarter GMV to a total of $42.2 billion. In 2021, the company had approximately 50,000 employees and is looking to increase its workforce by another 50,000 by 2025. Its website received 83.6 million visits per month from Latin American traffic. Blockchain, and cryptocurrency, will play a major role in ecommerce finance and payments. PinDuoDuo: 8. Europe is the worlds third largest ecommerce market, with a collective revenue of USD 387.65 billion in 2020 generated from the UK, Spain, France and Germany. Its operating profit showed a 7% YoY increase, amounting to USD 6.3 billion. It costs 5x more to For the risk of stating the obvious, customers expect first-class customer service. The Canadian ecommerce company has enjoyed steady growth in 2021. For the 3rd quarter of the 2021 fiscal year, the Home Depot also reported the increase of its comparable sales and comparable sales in the US by 6.1% and 5.5$ respectively. You can hire an ecommerce web design agency like Ekommerce360 to perfectly design a website as per your vision. As of June 2021, it had 4.2 million unique active customers and an AOV of $359. In Latin America, the Americanas site is one of the most visited, with 129.6 million visits per month. Its online services are available in 23 European countries, including Austria, Belgium, France, Germany, the Netherlands. The clothes industry is expanding and can be one of the emerging ecommerce business ideas 2023. In 2021, it raked in an average of 5.2 billion visits every month from both mobile and desktop sources. , which is heavily driven by its Foods and Sundries segment. On average, visitors spent around, The company also has a market cap of $8.65 billion, making it one of the worlds largest ecommerce companies. In 2020, it was able to surpass Alibaba in terms of the number of annual active buyers. Volusion. Finland, Sweden, France and So, it is no surprise that some of the biggest companies in the world are eCommerce platforms. In Europe, OTTO had 55 million monthly visits. Furthermore, it presented a solid financial performance, showcasing a GMV growth of 25.3% and revenue growth of 23.4%. Top 11 Ecommerce Trends; 12 Important Shopping Trends; 16 Fast-Growing Marketing Startups; The coronavirus pandemic accelerated growth in the eCommerce space. Its sales increased by 26.3% YoY, with the company being able to sell close to 260 million items. It raked in. 2021 was a great year for Amazon, particularly during the Cyber 5 shopping weekend. Target: 10. Its active buyers also grew to 13.3 million, pointing to a 5.6% YoY growth. Alphabets influence also expands to retail, thanks to its collaboration with Walmart for voice searches with Google Assistant. in a wide array of countries and markets like food delivery. , Tencent had total revenues amounting to USD 22.0 billion, which showed a 13% increase compared to Q3 2020. Japans ZOZOTOWN, or ZOZO, is one of the countrys most famous fashion retailers, with 43 million visits per month in Japan alone. Amazon.com Announces Fourth Quarter Sales up 21% to $87.4 Billion, AMZN : Summary for Amazon.com, Inc. Yahoo Finance, JD : Summary for JD.com, Inc. American Deposit Yahoo Finance, Facebook Reports Fourth Quarter and Full Year 2019 Results, Alibaba Group Announces March Quarter and Full Fiscal Year 2019 Results, BABA : Summary for Alibaba Group Holding Limited A Yahoo Finance, Suning.com Released 2019 Financial Report with the Establishment of Full-Scenario Retail, 002024.SZ : Summary for Suning.com Co., Ltd. Yahoo Finance, RKUNY : Summary for RAKUTEN INC Yahoo Finance, eBay Inc. Reports Fourth Quarter and Full Year 2019 Results, EBAY : Summary for eBay Inc. Yahoo Finance, Wayfair Announces Fourth Quarter and Full Year 2019 Results, W : Summary for Wayfair Inc. Yahoo Finance, Annual Reports | Key Figures 2019 | Zalando, ZAL.DE : Summary for ZALANDO SE Yahoo Finance, South Koreas Coupang operating loss shrinks by a third in 2019 as e-commerce surges, CHWY : Summary for Chewy, Inc. Yahoo Finance, Pinduoduo Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results, Sabre reports fourth quarter 2019 results, SABR : Summary for Sabre Corporation Yahoo Finance, ASOS Final Results for the year to 31 August 2019, ASC.L : Summary for ASOS PLC ORD 3.5P Yahoo Finance, BTOW3.SA : Summary for B2W CIA DIGITAL Yahoo Finance, The Amazon-Whole Foods Deal Could Have Killed Instacart. Walmart: 6. (electronic retailing), and payments and fintech. The ecommerce company has come a long way from its, . It has more than. The number of Pinduoduos active buyers also jumped from 731.3 million to 867.3 million, indicating a 19% increase. Profit from the additional features of your individual account. One of the key factors for the companys steady growth is its speedy delivery service. It operates through a digital platform and its portfolio includes brands like SouBarato, B2W Viagens, Submarino Finance, and BLOCKBUSTER Online. Etsy, an ecommerce website that specializes in showcasing handmade and craft items, continues to be one of the most popular online marketplaces in the world. Its. Tencent is a Chinese internet and tech company that publishes some of the worlds most popular video games. 13 Planning your ecommerce strategy for 2023. , with the goal of supporting small businesses during the pandemic. In 2020, this grew to $255.6 billion. Over the years, Amazon has grown to become one of the worlds most influential ecommerce companies. Online sales are expected to Similar to other ecommerce platforms, Facebook Shops also has live shopping features and it enables you to connect your loyalty programs to your Facebook account. France As of January 2022, its market value stands at a whopping, . According to the Alibaba Groups press release for its. Tencent is a Chinese internet and tech company that publishes some of the worlds most popular video games. First created in 1999, Volusion is one of the longest-lasting ecommerce platforms in the market. Virtual reality (VR) transforms how we shop. However, its not all bad news. Best Buy is the largest electronics retailer in the US. , which is currently valued at $109.41 billion, makes it one of the largest ecommerce companies in the world. In addition to TV retail, the company owns Zulily, an ecommerce website geared toward mothers. Amazon.com 2. ebay.com: 3. So, lets dig inside below! While other retailers faced disruptions in their supply chains and had issues with their inventories, Amazon enjoyed increased website traffic. , not all ecommerce firms have enjoyed successes. Amazon Prime Day also generates a sizable revenue for the company. The company specializes not only in online retail, but also in ecommerce, technology, and internet marketing, among other ventures. For the 3rd quarter of 2021, the companys total revenues increased by 37.9%, bringing it to RMB 48.8 billion from RMB 35.4 billion in 2020. In 2021, it had an average of 65.5 million visits per month. BestBuy: 11. As of 2021, it had global net sales of USD 6,699.9 million. According to. Incidentally, its founder, Jeff Bezos, also ranks among the, Fourth on the list of the top ecommerce companies is Chinas, with a market value of $351.9 billion. Another contributor to IKEAs ecommerce growth is its adoption of augmented reality technologies, allowing customers to get a glimpse of how a piece of furniture from IKEA would look like in their homes. As of. Its GMV also grew by 5% YoY for the third quarter, enabling the company to rake in RMB40.2 billion, up from the prior years RMB38.3 billion. Given its size and presence in Latin America, the ecommerce company enjoys, Mercado Envios shipping service (featuring four picking types: Dropshipping, Cross-docking, Fulfilled by MELI, and Flex). B2B ecommerce, in particular, represents 82% of ecommerce. In 2021, its online marketplace experienced a sharp increase in the number of third-party sellers. Its MRR as of September 2021 was at $98.8 million, which marked a 33% YoY increase. every month from both mobile and desktop sources. The Top 50 People in E-commerce report, published by Inside Retail, recognises the biggest and brightest e-commerce talents It regularly has a large volume of visits, ranging from, . With that in mind, many big-name retailers, such as Amazon and Walmart, are scrambling to gain access to Indias ecommerce market. Indias homegrown Reliance Industries Limited (RIL) has jumped on this opportunity and has launched its own digital commerce initiative called JioMart under its subsidiaries, Reliance Retail and Reliance Jio. Approximately 1.6 million associates are employed within the US alone. The fifth-biggest online retailer in the world is Prosus, a multinational conglomerate company headquartered in the Netherlands. , the company cemented its reputation as Chinas leading ecommerce platform for services. Its GMV reached a total of $16.8 billion, indicating an 80.6% YoY growth. , its reported revenue is USD 1,389.53 million. When you think of ecommerce companies, Samsung may not always be the first on that list. In Europe, it had 185.5 million visits per month. As online retailers open up more channels and leverage technology to improve their scale and accessibility, more people are embracing the convenience and other benefits that such companies can offer. In Europe alone, the platform had 86.2 million monthly visits in 2021. MercadoLibre is widely considered the Amazon of Latin America. The company is the largest e-commerce provider in the fastest growing e-commerce region in the world. It still remains popular and stable despite the entrance of recent competitors like Shopify and Wix, with over 30,000 stores using the system and having generated over $28 billion in sales. Report Overview. Unlike the other ecommerce companies on our list, INGKA is different because its primarily a foundation. Aside from Facebook Shops, the platform also has Facebook Marketplace, which is used by 1 in 3 people in the US to buy and sell products. "Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. The companys total gross profit was up 147.5% YoY at USD 1.0 billion. Fourth on the list of the top ecommerce companies is Chinas Alibaba with a market value of $351.9 billion. WebHere are the sixth- to tenth-biggest online retailers in the world and their market values: Costco Wholesale Corporation: $237.76 billion. Shein. On average, visitors spend approximately 6 minutes on the ecommerce and shopping marketplace, going through 7.50 pages per visit. Instead, the buyers journey has become a cycle or a web, where consumers move toward or back from certain points. Whats even more amazing is that, on average, customers complete 28% of their purchases within a span of 3 minutes or less. reached 129,752almost double that of 2020s 69,351. currently operates around 10,500 stores and clubs in 24 countries and ecommerce websites. in 2021 from both desktop and mobile web sources. Aside from Amazons consistent YoY annual revenue growth, which hit approximately USD 111 billion in 2021, it has also enjoyed a steady increase in monthly site visits. Expect to see the continued growth of global B2B and B2C sales, including cross-border B2C ecommerce. Worldwide, it had 84.2 million monthly visits in 2021. was up 134% compared to its Q3 2020 performance. In the last quarter of 2020 alone, the countrys ecommerce order volume jumped to 36%. dollars)." Ecommerce is here to stay and its expected to become even bigger in the years to come. Our latest forecast shows that Amazon, Walmart, and eBay will remain the top three largest ecommerce companies in the US by total sales volume, while Best Buy and has been steadily on the rise, with its 2021 revenue reaching $141.50 billion and its market cap hitting $120.58 billion. , a significant increase compared to January 2021s 24.3 million visits per month. It operates through a digital platform and its portfolio includes brands like SouBarato, B2W Viagens, Submarino Finance, and BLOCKBUSTER Online. Mercari was launched in 2013 in Japan. In the Q2 2021, the companys revenue reached, , which points to a significant 34% increase compared to the same period in 2020. Sea Limiteds ecommerce arm had a GAAP revenue of $1.5 billion, which points to a 134.4% YoY growth. self-operated retail chains to ecommerce platforms and cloud services. In the 12-month period ending in the third quarter of 2021, its revenues reached $458 billion, a 31.62 percent year-over-year increase. . In 2020, its, were reported to be at $36,411.81 million. Incidentally, its founder, Jeff Bezos, also ranks among the most wealthiest men in the world. Suning is another Chinese company thats also one of the countrys biggest retailers, with around 1,600 outlets and 13,000 employees in China. Overall, Shopify enjoyed a 46% YoY revenue growth in the. in domestic ecommerce gross merchandise value. , a 7.5% YoY increase from the previous years RMB23.2 billion. Costco Wholesale Corporation: 9. Top eCommerce in The UK (Facebook Stats till March 2020) 1. The average online shopper in Brazil is expected to spend $207.84. As of writing, its market cap is pegged at, In 2021, Etsy showed strong performance, even beating Wall Street forecast revenues. In 2021, the company had. It currently has a market cap of $073 billion. In January 2022, it had a, market value amounting to USD 1.649 trillion. In fact, in 2021, eCommerce spending skyrocketed up 14.2% YoY to over $870B in the U.S. It enables consumers to purchase products directly from their manufacturers and distributors based in China. In 2020, China emerged as the worlds biggest ecommerce market, which was valued at USD 2,779.31 billion. It also has an expansive and highly efficient ecommerce fulfillment network that enables it to ship and handle millions of items. , showing an increase from 2019s 6.66 billion reals. Meituan, formerly Meituan- Dianping, currently has a reported market cap of $176.66 billion and a 2021 revenue of $17.68 billion, making it one of the worlds largest ecommerce companies. Social commerce, which expands reach by selling through social media channels, is expected to more than double from 2021 to 2025, when it will account for about $80 billion in retail sales. 12 10. time with Commercepedia. 2021 was a great year for Amazon, particularly during the Cyber 5 shopping weekend. Based on a two-year period, the company experienced an 86% growth. Statista. In January 2022, the company had a market value of USD 41.517 billion, a huge leap from 2021s USD 34.64 billion and 2020s USD 29.61 billion. Its current market cap is at $36.60 billion. Oberlo uses cookies to provide necessary site functionality and improve your experience. Japan/Line, distribution, enterprise, and consumer, increased by 35%, 4%, 5%, and 6%, respectively. Monthly Traffic Estimate: 4.95M. Its operating income also grew by 27% for a total of $20.2 billion. While Microsoft isnt exactly an ecommerce company, it has been paving the way for. , the company reported sales amounting to $36.8 billion. Moreover, we predict that China, the US, the UK, Japan, and South Korea will constitute the Furthermore, it added 118 brands in 2021, bringing the total to over 850 brands. The site is immensely popular in Turkey, which accounts for 99% of visits. The Otto Group primarily operates as a retail ecommerce company headquartered in Hamburg, Germany. increased by 13% ($25.6 billion), which exceeded figures predicted by some analysts. In FY2021 Q2, SoftBank Groups revenue in all of its segments, Yahoo! It provides a direct link between consumers and rural farmers. Its current market cap is reported to be $5.10 billion. What drives Coupangs quick growth? Ozon Global currently has 25 million regular customers, with approximately 90 million monthly active users and around 90,000 users. For the first time, Switzerland leads the UNCTAD B2C E-commerce Index, just ahead of the Netherlands. AliExpress, for example, is a global retail marketplace that has grown in popularity thanks to the dropshipping model. In 2020, Neweggs AOV was at $301. Market research showed that in 2021 Q2 alone, funding acquired by e-commerce companies worldwide totaled US$16.8 billion. In Q3 2021, it had total net revenues of $3.1 billion. Propelled by the global pandemic, global ecommerce sales increased to 140% from 2015 to 2020, with Mainland China and the US being two of the biggest ecommerce markets worldwide. UK Since then, it has become the countrys largest mobile marketplace. Amazon.co.uk. AliExpress. Japan/Line, distribution, enterprise, and consumer, increased by 35%, 4%, 5%, and 6%, respectively. In recent years, eBay made changes to its platform, which now makes it resemble the way Amazon operates. In 2020, it was able to. Its. Brazils Casas Bahia, a retail chain that specializes in home goods and appliances, is one of Latin Americas top ecommerce companies, alongside Magazine Luiza and Americanas. During this period, the ecommerce company had acquired approximately 11.1 million new and reactivated buyers, with the number of habitual buyers showing a 65% YoY growth. In 2021, the company had approximately 50,000 employees and is looking to increase its workforce by another 50,000 by 2025. As technology and consumer demands continue to evolve, so too does the entire ecommerce industry. The companys global ecommerce revenues grew by almost 10%. The company is backed by another ecommerce giant, Alibaba. In 2021, Amazons web traffic also increased during Black Friday, Saturday, Sunday, and Cyber Monday. Allegro: 14. Its. eBay has also enhanced its ad sales, encouraging sellers to use promoted listings to advertise their products. By using our website, you agree to our privacy policy. Home Depots market value is $411.02 billion, a 43.73 percent annual increase. However, the South Korean electronics and appliance manufacturer commands sizable website traffic. Tata Consultancy Services. In its Q2 earnings release, Walmart announced that online sales nearly doubled from the same period last year. To expand its ecommerce reach, the company has also adopted a buy now, pay later business model to attract users. in the US and 36 million visits per month in the UK. It had an average of 241.5 million visitors per month in 2021 alone. In the last quarter of 2020 alone, the countrys ecommerce order volume jumped to 36%. WebOzon. model. It continues to play a major role in tech solutions, such as the cloud and artificial intelligence, and it also continues to offer reliable business applications. In Another factor that contributed to Amazons growth is its investment in making the online shopping experience more convenient by speeding up deliveries. is a Brazilian ecommerce company and is considered as the largest online retailer in Latin America. In FY21, Microsofts revenue increased by 22%, bringing it to a total of $45.3 billion. The top five ecommerce markets have remained the same since 2018. Start a business and design the life you want all in one place. Dollars). IP's e-Commerce Secure Box (developed by our Spanish corrugated packaging team) was recognized with the prestigious 2023 WorldStar of Packaging Award. On average, visitors spent around 9 minutes on the platform and visited 11.43 pages. Russia Chinas retail e-commerce sales will reach almost 3 trillion dollars this year with a 21% increase compared with 2020. Throughout the entire journey, their decisionsand consequently, the actions they make are influenced by a variety of offline and online factors. 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