From the revenue point of view, the revenue of Sea (only counting e-commerce), Shopify and Pinduoduo for the whole year of 2020 is 2.2 billion, 2.9 billion, and 9.1 billion US dollars respectively, and Pinduoduo is bigger in overall scale; from the performance of the capital market, the market value of Sea, Shopify and Pinduoduo is 147.3 billion, 187.6 billion and 148.2 billion US dollars respectively as of this writing, which is relatively close to each other.
The market capitalization of Sea, Shopify, and Pinduoduo is $147.3 billion, $187.6 billion, and $148.2 billion respectively as of press releases, all of which are relatively similar. However, the market trends of the three are very different.
On 16 February 2021, Pinduoduo's share price reached a high of $212.6, with a market capitalization of $248.7 billion in the same period, significantly ahead of Sea's $142.1 billion and Shopify's $180.6 billion at the time. But Poundland then began to move lower and has since lost nearly half of its value, while Sea and Shopify continue to rise, both setting new all-time highs.
In 2020, the three giants' share prices rose for much the same reasons, driven by their performance and growth, with the number of active buyers going through the roof and revenue continuing to soar; Shopify reaching more and more merchants and growing to become the second pole of e-commerce in North America, and Sea's game "Free Fire" becoming the highest-grossing game in Latin America and Southeast Asia for the sixth consecutive year. Sea's game 'Free Fire' has been the highest-grossing game in Latin America and Southeast Asia for six consecutive years, and e-commerce has overtaken the competition. The latter two also benefited from the e-commerce boom brought on by the epidemic.
【Source text: by report】
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