… Israel is one of the most technologically advanced nations in the world. China is poised to become the world’s top retail market in 2019, surpassing the US by more than $100 billion, according to eMarketer’s latest worldwide retail and e-commerce forecast. For the purpose of this list, travel websites are not considered part of the retail industry, yet despite the largest eCommerce company from France being a travel site, France still comes in at number 6 globally. 1. Founded in 2003, it's now the world's biggest e-commerce website. Even eBay, their biggest competition, doesn’t come close with their 6.6% of the market, as shown by ecommerce stats. With the revenue of over $2B, B2W Companhia Digital takes sixth spot on our list of the largest eCommerce companies in the world. Its $1.934-trillion ecommerce market represents 54.7 percent of total global ecommerce sales and is more than the total market size of the next nine on the list of the top ten largest ecommerce markets. As the world’s largest ecommerce market, China will be responsible for more than half of all ecommerce sales worldwide, forecasts show. South Korea is among the largest eCommerce markets in the world reputed for having the fastest wireless internet speeds. Founded in 2003, it's now the world's biggest e-commerce website. Trivia about B2W: 10. It generated $428 billion in gross merchandise volume in Alibaba's fiscal 2017. The French eCommerce market is led by Odigeo, the largest travel company in France and one of the biggest in the world. The UK is the leading ecommerce market in Europe with $141.93 billion in ecommerce sales, followed by Germany ($81.85 billion) and France ($69.43 billion). The world’s largest democracy has more than 800 million active Internet users. Perhaps not surprisingly, 40% of the world’s e-commerce sales are made in China, so retailers need to look for new ways to expand into these fast-growing e-commerce markets, to avoid losing market share to competitors. 8- Israel. It generated $428 billion in gross merchandise volume in Alibaba's fiscal 2017. Indonesia, the world’s fourth most-populous country, has now emerged as the fastest growing e-commerce market. 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. The Israeli e-commerce market is currently worth $3.6 billion, and it’s growing at a rate of 31% a year. The second-largest ecommerce market in the world is the U.S with $586.9 billion. It was founded in 2006 and is highly competitive, owning numerous shopping sites. Statista estimates that the eCommerce revenue will reach $80.88 billion in 2021, and maintain an annual growth rate of 5.02% to hit $99.2 billion by 2025. China’s market size is twice the size of the US one in 2017. China - the world's largest e-commerce market, with seconds sales standing at more than $ 672 billion thanks to a successful e-commerce platform, such as Taobao, Alibaba, Tmall, WeChat, and others. B2W Companhia Digital holds a market share of 50%. B2W has recently announced a move into the US market. Tmall: A … 2. Three of the six largest ecommerce markets are in Western Europe. (Source: Digital Commerce 360) China’s market passed $1 trillion in value and was the first of the e-markets … First created in 1999, Volusion is one of the longest-lasting ecommerce platforms in the market.
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