Dive Brief:
- Nine out of the world’s 10 largest e-commerce companies experienced double-digit revenue growth during the pandemic year of 2020, according to a recent GlobalData analysis emailed to Retail Dive.
- Topping the list of the largest e-commerce players by revenue was Amazon, whose revenue grew 37.6% to $386.1 billion last year, followed by JD (29.4% growth; $108.1 billion in revenue) and Alibaba (40.9% growth; $104 billion in revenue).
- Wayfair came in at No. 5 with revenue up 55% — the fastest revenue growth rate among the top U.S. players — to $14.1 billion in 2020. EBay, No. 8 by revenue, had more modest revenue growth than most other players but had the second-fastest growth in its profits, which were up 217.3%, second only to JD (305.9%).
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