With the term “online marketplaces,” the platforms that pop in the minds of the majority of Europeans and Americans are Amazon and eBay. However, to our surprise, these widely known e-commerce platforms rank at the third and fifth position, respectively. Now you must be wondering if these hold third and fifth positions, which platforms are resting at upper ranks; let’s find out.
According to the infographic, Alibaba-owned Chinese online marketplaces, i.e., Taobao and Tmall, are the leading e-commerce platforms with a gross merchandise volume of $490.3 billion and $463.5 billion, respectively (as of 2019). Taobao’s GMV grew by 4 percent compared to that in 2018 whereas, Tmall saw a great year-by-year increase of 17 percent.
The GMV of the third rank holder, Amazon, was estimated to be $397.2 billion in 2019 which was incredibly 24 percent up by last year, i.e., 2018. Followed by another Chinese online shopping platform JD.com and eBay, completing the list of top 5 online marketplaces in the world.
eBay had been through a tough time in 2019 when its yearly GMV was declined by 8 percent.
Infographic by: Statista.com