Ecommerce business is among the fasters growing business and no doubt some companies are reaching heights.
If you are looking for fast growing ecommerce companies, be sure of such companies that are reaching heights and pay attention to the strategies they are following.
If you are not able to find out the list of companies, here we are presenting the same list top you. Let’s get started and browse through the same!
Top Fast Growing Ecommerce Companies.
1. Baidu Inc.
Market cap: $18 billion
Revenue Growth in 2020: 5%
Chinese internet and AI company Baidu ranked in the fastest-growing e-commerce companies in 2020. The Chinese tech firm, Baidu, specializes in internet searches and marketing services.
This company provides its services globally. Baidu is expected to make more than $16.4 billion in revenue by 2020. The company has one of the largest market shares in China.
Geely has partnered with Tesla to enter the electric vehicle market. BIDU stock has seen wild price fluctuations over the last year. It’s up 190% from its recent price of $227 on December 18, 2018.
2. Walmart
Market cap: $367.8 billion
Revenue Growth in 2020: 1.9%
Walmart is growing quickly and is expected to rank in growth rate among US e-commerce companies in 2020. Walmart is a global retail giant with some 11,500 stores and 2.2 million employees.
Store offerings include groceries & food, apparel, appliances, instruments, and electronics.
Walmart had a total revenue in 2020 of $524 billion and US e-commerce sales increased by 37% because of reliance on online groceries. shares of WMT have increased dramatically over the past year.
3. Rakuten
Market cap: $18.2 billion
Revenue Growth in 2020: 15.2%
Rakuten is considered one of the fastest-growing e-commerce companies in 2020 with a revenue of over $1.5 billion.
The Japanese internet giants operate in three different areas: online services, fintech, and mobile. Rakuten, a company based in Japan, is the leading e-commerce business due to its large market share of 55%.
Amazon Japan and Yahoo Japan are also present in this market. RAKUTEN has over 1 billion members around the world.
E-Commerce sales in 2020 are increasing rapidly and have gained substantially over the last 12 months. That being said, e-commerce companies see continued growth in the coming years.
4. Target Corp
Market cap: $89.5 billion
Revenue Growth in 2020: 19.8%
Minneapolis-based Target Corp’s US revenues increased in 2020 despite the retail sector as a whole declining. Retail giant offers general merchandise and food groceries at lower prices.
Target’s 2020 results were especially strong. Its sales increased 20.5% in Q4, with comparable-store sales increasing 6.9%. Digital sales also increased by 118%, so overall revenue jumped to $14 billion for the quarter, up from about $11 billion for Q4 2018 ($12.3 billion).
Target’s earnings show improvement over the past year. Revenue in 2020 was $92.4 billion, up from its original projection of $83 billion. The company’s shares have gained 92% in the same time frame.
5. GoDaddy Inc.
Market cap: $12.4 billion
Revenue Growth in 2020: 11%
The company GoDaddy will be listed in the fastest growth company 2020 list. GoDaddy, an eCommerce company, offers an online store as well as digital marketing services for sellers. Sellers can take advantage of global shipping options through the platform.
Company’s revenue grew 56.8% in 2018 and is expected to grow 16% in 2020. At the same time, on-site app users increased by 12%, and so did overall subscribers, who now represent 90% of their audience. The stock has risen in the past 12 months.
6. eBay
Market cap: $40 billion
Revenue Growth in 2020: 19%
As of 2020, eBay is one of the fastest-growing e-commerce companies in California. EBay was founded in 1995 and has over 190 markets currently connecting millions of people around the world.
The company will have global revenue of $10.2 billion in 2020 with total GMS volume reaching $100 billion
Within 10 years, we can expect 1.85 billion active consumers on eBay. This is up 11 million from the same period of last year, which means that eBay’s shares increased by 116% in only 12 months.
7. Suning.com Co. Ltd
Market cap: $10 billion
Revenue Growth in 2020: 20%
In 2020, Suning.com will be listed in a list of the fastest growing e-commerce companies. The company sells a variety of products that are accessible at home, such as cellphones and electronics. Based on the company’s 2020 revenue forecast, it’s estimated that the stock fell 21% over the past 12 months. Over a billion dollars has been lost.
Suning.com has a large online following and even saw a 52% increase in sales year-over-year. The company has been able to use this impression as leverage for its future business decisions. The retail cloud platform of Suning.com has been increased by 33.6% in the fourth quarter of 2020, while their physical stores increased by 45% compared to a 5.42% year-on-year growth seen in the third quarter.
8. Facebook
Market cap: $826 billion
Revenue Growth in 2020: 22%
Facebook is set to rank 8th on the list of fastest-growing companies in 2020.
Facebook is the social media platform that has recently expanded its offering to include other apps such as Instagram and WhatsApp.
Facebook has over 1.84 billion daily active users, as of December 2020. In 2020, Facebook was earning $84.1 billion from advertising revenue, which is about a third of its total revenue for that year..
Facebook has continued to be an enormous success for the past 11 years. It has allowed online businesses and companies to reach individuals more directly, breaking down physical & geographic barriers in order to create a global marketplace.
Starting on May 9th 2020, Facebook shares jumped 95.9%, with revenue now sitting at $85.9 billion.
Fast Growing Ecommerce Companies: Conclusion
Following are the best ecommerce fastest growing companies. It is right to conclude that these companies come up with best services and also cater to the needs of the user as they expect. When it is about becoming the part of it, be sure the products and services you are dealing with are valuable enough that people are ready to be a part of it.
