58% of global e-commerce is concentrated in just six companies. And just four Chinese companies account for almost half of global digital sales.
Global e-commerce reached $3.4 trillion last year, according to a new report from Activate Consulting. Thousands of brands and retailers divvy up just 37% share of that, while six giants who are mostly Chinese companies vacuum up more than half of the pie. One key reason: retail in China is simply much more digital than it is in Europe or North America.
The biggest digital commerce companies, with the percentage of the global e-commerce market that they own:
Taobao.com: 15%
TMall.com: 14%
Amazon: 13%
JD.com: 9%
Pinduoduo: 4%
eBay: 3%