The largest e-commerce platform in North America is Amazon. So, who is the second largest e-commerce business in North America? Maybe some people will blurt out eBay, but in fact, Shopify has quietly taken second place in North American e-commerce last year.
The major e-commerce companies are ranked according to the total amount of global commodity transactions. Compared with 2020, the top four are still Ali, Amazon, JD.com, and Pinduo, but the fifth place is occupied by Shopify. During 2019-2020, Shopify grew faster than other platforms, becoming Global TOP 1.
Two years ago, Shopify was only a small e-commerce company in Canada, less than half the size of eBay, but by 2020, its market value has exceeded 130 billion U.S. dollars, with a total transaction volume of 119.6 billion U.S. dollars.
Shopify now serves more than 1.7 million businesses in 175 countries/regions. According to data from MarketplacePulse, in the fourth quarter of last year, the number of merchants on the Shopify platform reached 1.749 million.
In 2021, as more countries and regions are vaccinated widely, people will have more opportunities to go out and the overall economic environment will be improved. The actual economic recovery may shift part of consumer spending to offline retail and service industries, which will make the quarterly income distribution more even than before. The 2020 trend of accelerating the transition to e-commerce is likely to return to a more normal growth rate.
【Source text：by report】
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