This article covers the list of top eBay competitors in the world that you should know of.
Before listing out the top competitors of eBay, let’s first get to know a little bit about the company.
eBay is an American multinational e-commerce company that facilitates consumer-to-consumer and business-to-consumer sales through its website.
eBay, started off as an online auction and shopping website, where people, as well as businesses, can buy and sell a wide variety of goods and services worldwide.
eBay works on a business model of charging its sellers a fee for the products that they want to list on the website (after a limited number of free listings), and then again charging a small fee when those listed items are finally sold.
Let’s check out which all companies are competing with eBay in the same space and trying to eat up its market share.
The first player in the list of eBay competitors is Amazon.
With a valuation of $220 Billion, Amazon is an American multinational technology company that started off as an e-commerce company but slowly expanded its business services to cloud computing, digital streaming, and artificial intelligence.
Started off at the same time as eBay, Amazon has grown exponentially over the years as opposed to eBay which has struggled to grow.
Below is the revenue stream graph of Amazon showing different revenue streams from which Amazon gets its revenue.
Many might wonder why is Walmart, an American retail company that operates a chain of hypermarkets, discount department stores, and grocery stores is included in this list.
Newsflash: Walmart is much more than its Discount Stores, Supercenters, Neighbour Markets, etc.
The secrets to Walmart’s continued success include a continuous history of incremental innovation.
With technology evolving at a feverish pace, Walmart invested heavily in newer technologies to optimize operational efficiency, improve customer experience and to expand its business offerings.
The company laid equal emphasis to not only expand its offline presence but also get into the digital space so as to cater to the millennial audience.
The company acquired Flipkart ( Leading e-commerce company in India) for $16Billion so as to get into the e-commerce industry in India.
Founded on 4 April 1999, Alibaba is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
The company offers a wide array of services ranging from consumer-to-consumer (C2C), B2C, and B2B sales services through web portals, electronic payment services, shopping search engines, and cloud computing services. Not just this, Alibaba also owns and operates a diverse array of businesses around the world in numerous sectors.
- Is the world’s largest retailer and e-commerce company,
- Is one of the biggest venture capital firms.
- Is one of the biggest investment corporations in the world
Alibaba’s “Single’s Day” is the world’s biggest online and offline shopping day in terms of GMV.
Below is a list of business offerings that Alibaba offers:
Cloud computing and artificial intelligence technology: Alibabacloud is one of the world’s most advance and trusted cloud computing services available in the market today.
FinTech and online payment platforms: Alipay, a digital payment solution that allows the customers to make payments digitally.
Entertainment services: Alibaba created a new live entertainment business unit under its Digital Media and Entertainment Group which focuses on ticketing, content creation and live experiences, bringing its entertainment ticketing platform Damai and it’s content creation and technology units MaiLive and Maizuo under one roof.
Founded on June 18, 1998, JD started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, and similar items.
The last in the list of top competitors of eBay is Rakuten.
Often referred to as “Amazon of Japan”, Rakuten was founded in 1997 and is a Japanese electronic commerce and online retailing company based in Tokyo.
Apart from operating Japan’s biggest Internet bank and number one credit card company by transaction value, the company also offers e-commerce, fintech, digital content, and communications services to over one billion members around the world.
This concludes the article on Competitors of eBay.