In this article, we are going to list the 5 Fastest Growing E-Commerce Companies in 2020. To read our detailed analysis of the e-commerce industry and trends, please go to the 15 Fastest Growing E-Commerce Companies in 2020.
5. Alibaba Group Holding Ltd. (NYSE: BABA)
Market cap: $652.7 billion
Revenue Growth in 2020: 35%
Ranking 5th on the list of the 15 fastest growing e-commerce companies in 2020 is China’s leading online retailer Alibaba Group. Alibaba had total revenue of $78.3 billion for the fiscal year ended on March 31, 2020. The company operates its wholesale and retail e-commerce business through its subsidiaries including Taobao, Tmall, and Alibaba.com. In 2020, Alibaba recorded a big annual active consumer with 780 million consumers in China while over 180 million consumers outside the country.
The Chinese tech-driven company also engages in the cloud computing business posting revenue growth of 62% to $5.6 billion in 2020. Shares of BABA increased 32% over the last twelve months.
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4. Kaspien Holdings Inc (NASDAQ: KSPN)
Market cap: $66.9 million
Revenue Growth in 2020: 36%
Ranking 4th on the list of the fastest-growing e-commerce companies in 2020 is Kaspien Holdings Inc. Kaspien is a software company that helps brands in increasing their online distribution channels on digital marketplaces such Amazon and Walmart. In the third quarter of 2020, Kaspien Holdings’ revenue was $38.9 million. Strength on the Amazon US marketplace was largely responsible for the increase in net revenue.
The New York-based growth platform company services many leading brands including Strider Bikes, 3M, and ZippyPaws. Shares of KSPN have increased 779% over the past twelve months.
3. Amazon.com Inc. (NASDAQ: AMZN)
Market cap: $1.52 trillion
Revenue Growth in 2020: 38%
Ranking 3rd on the list of the 15 fastest growing e-commerce companies is Amazon.com with a net sales of $386.1 billion in 2020. Founded in a garage in 1994, Amazon engages in online retailing business and cloud computing services. In 2020, Amazon holds 47% of the U.S. e-commerce market. Amazon is one of the companies that benefited the most during the pandemic. Today, Amazon has over 9.7 million sellers worldwide.
Shares of AMZN increased 61.6% over the past twelve months.
2. Shopify Inc. (NYSE: SHOP)
Market cap: $136.7 billion
Revenue Growth in 2020: 86%
Canadian cloud-based retail giant Shopify ranks 2nd on the list of the 15 fastest growing e-commerce companies in 2020. Small and medium-sized businesses use the company’s software and tools to manage their operations across all sales channels. Some of the most popular brands that use Shopify include Swiss chocolate maker Lindt and fitness apparel Gymshark.
Shopify had revenue of $2.9 billion in 2020 where revenue from Subscription Solutions increased by 41% to $908.8 million, while revenue from Merchant Solutions increased by 116% to approximately $2 billion. Shares of SHOP have gained 223% over the past twelve months.
1. Etsy (NASDAQ: ETSY)
Market cap: $26.4 billion
Revenue Growth in 2020: 129%
Topping the list of the 15 fastest growing e-commerce companies in 2020 is Brooklyn-based e-commerce site Etsy. The company offers a craft-centric platform for online sellers and buyers around the world. The company’s revenue in 2020 was $1.27 billion with gross merchandise sales amounting to $10.3 billion. ETSY stock has gained over 579% in the last twelve months. Etsy had 81.9 million active consumers at the end of December 2020, up 77% from the previous year. All at the same, the number of people selling goods on Etsy increased by 62% to 4.4 million.
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