Submitted by giteam t3_yyq9m7 in dataisbeautiful
Comments
Rob-Riggle-SWGOAT t1_iwvszwz wrote
So Amazon makes more money than the next 16 largest e-commerce sites do combined. That’s kind of crazy.
mittalrahul074 t1_iwvuohu wrote
This is list of publicly traded company you should look for all ecommerce Flipkart would have been in top
authorPGAusten t1_iwvw2ms wrote
Try not to sound racist while saying number 2 challenge
Chris-1235 t1_iww7kp9 wrote
Looks like China is better at this free market thing than the US, which let a huge monopoly to form.
Bitter-Heat-8767 t1_iwweb6k wrote
What is Walmarts e-commerce number?
sxjthefirst t1_iwwilox wrote
An almost monopoly in USA and a few other markets. Wonder why their competition doesn't step up the business model seems simple enough.
folstar t1_iwwkqoc wrote
I failed :(
Ruma-park t1_iwwmlh5 wrote
Because you can't compete with them.
They subsidize their retail business through AWS which makes it impossible to compete on costs.
Their service is already impeccable, because again, they don't care about cost.
Their logistics infrastructure is second to none as they now have decades of experience, development and amortized costs.
It goes on and on and on. Basicly, outside of state subsidized companies like those in China, there is no way to compete with Amazon.
The only ones that could possibly try (and do) are established retailers such as WallMart but those have the disadvantage of old, retail strucures and processes.
[deleted] t1_iwwn42p wrote
You got the opposite. Endless merging till monopoly is exactly what free market leads to. Anti-trust is from the state.
SouthernBySituation t1_iwwrq1w wrote
What does Rakuten even do? I only knew them because they make the Kobo e-readers.
Faunomenal t1_iwwsfxy wrote
How is this not considered a monopoly (as monopolies are illegal in America)? Seeing as most of the other ones in the top don't even ship to America.
Chris-1235 t1_iwwvd5s wrote
No mate, free markets are not unregulated markets. Only in the US has this distortion of the term taken place. Even here:
"Antitrust laws ensure competition in a free and open market economy, which is the foundation of any vibrant economy"
gokogt386 t1_iwww442 wrote
Because the definition of monopoly isn’t “really big company”. Amazon isn’t anywhere close to the only online marketplace in the US.
[deleted] t1_iwx21d6 wrote
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secoccular t1_iwx7334 wrote
>Flipkart
Not sure about that. Flipkart's entire market cap is less than $40b.
secoccular t1_iwx7l4k wrote
>Rakuten
They are kind of an e-commerce middle man, giving out cash rewards.
jadedRepublic t1_iwxb4fl wrote
This list is depressing, I always thought eBay was atleast second to Amazon, I can’t believe wayfair is higher 🫢
MoscaValorosa t1_iwxbjef wrote
Well, words have the meaning you want them to have. When liberals (in the classic non-american meaning) say they want an open free market what they really mean is a market unregulated enough for maximum capital reproduction and regulated enough so the goverment can help with some more profit. So usually that's what I mean by free market.
And if you are not joking, you are reproducing the schrodinger's socialism falacy: when something works in China it's because it's capitalist; when it fails it's because China's communist (neither are true. China's socialist). China not having a massive monopoly as Amazon is consequence of it's own historical development, which went in the opposit direction of the liberal economic canons, not because it succeded at implementing a capitalist vision of free market.
"which is the foundation of any vibrant economy": this was brought to you by the Washington Consensus gang.
mcduff13 t1_iwxc805 wrote
As a former FedEx delivery driver, you would be shocked at how much we deliver.
Trepidati0n t1_iwxcsec wrote
A monopoly has to shown to negatively affect the end customer….no shits are given at how many business they swallow up or kill. As a consumer…Amazon is amazing. There Amazon is safe.
[deleted] t1_iwxi407 wrote
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PatternMachine t1_iwxi7rl wrote
This list should probably have Walmart on it. They actually have more retail revenue than Amazon — about $570b — but only about $60b is e-commerce.
Also, looks like Amazons revenue is including AWS, which isn’t really e-commerce.
Low_Hall9946 t1_iwxibb6 wrote
Crazy how China has less of a monopoly than the US in the ecommerce space...the only other American company here is a declining business in eBay
slappychappy04 t1_iwxjayz wrote
What’s Paul Allen’s card look like
amadozu t1_iwxjvei wrote
Calling Amazon a monopoly is frankly a bit daft. The graph is just a list of 'e-commerce companies' listed by global revenue (including all division of each business, e-commerce or not). Walmart for instance made $67 billion in direct e-commerce last year, but isn't listed because it's not explicitly an e-commerce business. The same is true of most major e-commerce players in the US (Target, Best Buy, Costco, etc).
For retail in general in 2021 (US-only):
- Walmart: $460b
- Amazon $220b
- Costco: $140b
- Home Depot: $140b
- Walgreens Boots: $110b
You have to go down to 47th before you reach less than $10 billion. The US retail market is comically huge, and e-commerce is a minority of it. Amazon is the largest player within that minority, but a tiny portion of US retail in general.
afromanspeaks t1_iwxk1dv wrote
They’re the Amazon of Japan. You can even have items from any store in Japan shipped to you through Rakuten global express
pigpig88188 t1_iwxli4p wrote
“Look at that subtle click through rate. The tasteful AJAX cart. Oh my god. It even has a welcome pop-up”
slappychappy04 t1_iwxn70x wrote
I wish I had Reddit gold to give you, hilarious
Rat-Majesty t1_iwxrcxz wrote
4th biggest e-commerce company in the US and the founder sold it to invest in and become chairman of GameStop. Really makes you think. 🧐
KidChampion t1_iwxsphq wrote
Shouldn't you maybe list Shopify store revenues, not Shopify the business' revenues?
[deleted] t1_iwxtafo wrote
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tropicsun t1_iwxwbv5 wrote
Same, thought target/Walmart would be higher than wayfair but maybe they own a lot of companies idk
A-Delonix-Regia t1_iwxwqvb wrote
Where is Flipkart (Indian alternative to Amazon)?
earthlingkevin t1_iwxzrta wrote
That's only on the US. Globally they do much more
DJMoShekkels t1_iwy0d13 wrote
They probably are, this looks like it’s not including any companies with brick and mortar stores
Patriarchy-4-Life t1_iwy37ix wrote
Anticompetitive behavior can be illegal. Merely having a plurality of e-commerce is not illegal in the US.
Future_Green_7222 t1_iwy3mgv wrote
How’s Jingdong bigger than Alibaba?
YourEyesAreBleeding t1_iwy4ia0 wrote
eBay used to be so good, and you can still find cool stuff there, but it's mostly flooded with Chinese junk that people are, "drop shipping," from aliexpress or alibaba. eBay is also well known for it's terrible management.
These days, I think people categorize eBay as more similar to a site like Craigslist than a site like Amazon. I know I do, although that definitely doesn't stop me from using it.
Yorker_length t1_iwy5anz wrote
Not top. Their revenues are are around $5-5.5B
Avicennaete t1_iwy99dy wrote
Yeah the Chinese market looks healthier tbh
[deleted] t1_iwyazjb wrote
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aminervia t1_iwych77 wrote
Chewy is the BEST. They're reliable, have a good subscription set up, quick delivery, and they're also just a good company. I wish they did more than pet stuff
PM_ME_WITTY_USERNAME t1_iwydhex wrote
What do you mean there isn't my french boy LEBONCOIN in the top
Guillotine!
Beansilluminate t1_iwygije wrote
> flooded with Chinese junk
You just described Amazon tho
Rin-Tohsaka-is-hot t1_iwyhgam wrote
eBay is closer to Amazon than this graphic makes it seem. The Amazon revenue is bloated by AWS and other services the company does, while eBay's is pretty much purely e-commerce.
Wilt_The_Stilt_ t1_iwyhhsn wrote
I was going to say the same. Shopify is not in the same category. But OP just pulled the list from some random websites list of publicly traded e-commerce companies. So Shopify is lumped in. But I think that only makes sense if your talking about the stock prices. OPs twist to make it about revenue adds confusion and should not include Shopify IMO
fattony182 t1_iwyhx6s wrote
Yeah he made massive mistake, that’s reflected in the massive losses incurred since his new role began.
Why would you leave a growing e-commerce company to join a soon to be bankrupt jpeg shop. Oh right, it’s so he can loot it and extract what little cash is left from the retail gamblers. Which is exactly what’s happened
randomname277 t1_iwyijhr wrote
eBay became fucking disgusting and outdated themselves. The fees are robbery, the platform is shit and hardly developed in many years, no negative feedback is allowed anymore and if you get scammed you’re all by yourself. I wish for so long that there could just be an alternative
Old_Landscape_6860 t1_iwyn1bm wrote
Can’t believe wayfair is bigger than eBay?!
obamanisha t1_iwynx5s wrote
They’re super convenient. When my cat was still alive, I had his food (which was sometimes hard to find in stores) on autoship every few weeks. Never had to worry about not finding it. I imagine a lot of people are also getting things like food and treats autoshipped as well.
blankhalo t1_iwyobdh wrote
Jack Ma is out of favour
TroothBeToldPodcast t1_iwyoslf wrote
Who hurt you ha
ccie6861 t1_iwyp0fe wrote
I thought the same thing but then I realized this chart is probably based on corporate revenue and most of Ebay’s sale price is probably pass-through and off-book by virtue of it being a marketplace and not really a reseller.
orgnizingxxxxlife t1_iwyppsc wrote
China did not ban Amazon. Amazon was outcompeted in Chinese market and closed its site last year if I remember it correctly. China did ban foreign social media but that’s CCP afraid of its people knowing too much
Future_Green_7222 t1_iwyq1u6 wrote
Oh true
-TheRightTree- t1_iwyqavq wrote
Does Amazon include AWS (same for Alibaba)?
MILF_Hunter77 t1_iwyr23p wrote
Biggest B2C e-commerce companies. The second you get into B2B these companies are dwarfed. Opentext b2b e-commerce network is at ~9Trillion USD as an example.
Random_citizen_ t1_iwzcimc wrote
Flipkart’s FY22 revenue was ₹10000 crores, so less 1.5B dollars. Not even half of the smallest company on this list.
Random_citizen_ t1_iwzcrad wrote
Stats like these point to how overhyped Indian startups are. The largest Indian e-commerce company has a revenue of less than half the smallest company on this list after a decade of operations, but a valuation of $40bn dollars.
Rat-Majesty t1_iwzsqcl wrote
He hasn’t sold his GameStop shares. Only bought more. 🤷♀️
[deleted] t1_ix02vyu wrote
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Bitter-Basket t1_ix0fcms wrote
Jingdong sounds pretty close to...
YourEyesAreBleeding t1_ix0lzzy wrote
Haha i can't argue with that
fafilum t1_ix1hwk1 wrote
I think you extrapolate the US market to the whole world.
Target does 100% of his business in the US, while Walmart does 80%.
Even if I know these companies, I've never seen any of these stores here in Europe. Do you guys know Carrefour or Tesco ?
In the other hand, Amazon, Alibaba, Rakuten or Ebay are truly operating worldwide (idk about the others asian majors, maybe they are but not in my country)
animatedb t1_ix21zfv wrote
I think AWS revenue is only about 15%. Profit is higher. I don't know about other services.
giteam OP t1_iwvkqtw wrote
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