E-commerce are transactions that are conducted electronically over the internet. This has become a popular way of purchasing things. Some of the biggest companies are e-commerce companies. This is due to the large number of transactions happening every day. Since these e-commerce sites are accessed from all over the world, they are international companies which ship all over the world. Similarly, most e-commerce companies maintain large warehouses around the world to store their products. E-commerce has become a very popular business which has grown significantly. Even though each e-commerce sites do the same thing, which is selling of goods, they do it different ways. Similarly, they may be even having different targeting markets as well.
Here’s a list of some of the biggest e-commerce sites in the world.
Amazon was founded by Jeff Bezos in 1994 as Cadabra.inc. Bezos took the company online in 1995 under the name Amazon.com. He chose the name Amazon due to the exotic and different way it sounded. Initially the company sold books in bulk and this turned out be a success. Amazon sales grew by 20,000 dollars a week, which is a great figure for a startup. Thereafter, the products started increasing and sales grew. Overtime Amazon began selling many goods and services. Today, Amazon is the largest retailer in the world, even surpassing Walmart. Amazon has many large warehouses worldwide and get forklift for hire Melbourne to handle transactions every time. The company also conducts millions of transactions every day.
eBay is an e-commerce site Pierre Omidyar. It was reported that eBay was a side project for Omidyar which grew and increased the site traffic. eBay is one of the successful stories of the dot-com bubble. Since eBay has no warehouses, they don’t need forklift service Melbourne or shipping because unlike Amazon, the shipping is done by the seller themselves. The site merely acts as a mediator between the seller and buyer. The seller is charged when placing the product on the site and thereafter will be charged again when selling it. The first item sold on the site was a broken laser pointer where Omidyar contacted the buyer to know if her understood that he was purchasing a broken laser pointer in which he replied that he collected broken laser pointers.
Alibaba is a Chinese site owned by Jack Ma. It was made as a portal to connect Chinese sellers with overseas buyers. Alibaba is one of the largest internet companies and has surpassed sales and profits of even Amazon.com. The company has been expanding rapidly and have gotten a foothold in other industries as well. The company has increased trade in China and considerably benefitted the economy. Similarly, this also resulted in many investments in the country.