Age of E-Commerces: The Quad & BRICS

Series

Largest E-commerce Empire by Country

The QUAD

The Quadrilateral Security Dialogue(the Quad) is an informal consultative mechanism comprising the United States, Australia, Japan, and India.

Australia:- eBay (eBay.com.au) is the best performing online retailer in Australia. Founded in 1995, eBay is a pioneer of e-commerce and an American online marketplace that allows people and businesses to sell directly through its online auction platform. In 1999, eBay expanded its e-commerce service to Australia, by launching ebay.com.au. At present, it is the largest online retailer in Australia.

India:- Flipkart.com is the largest Indian online retailer but its parent company is a Singapore-registered entity headquartered in Bengaluru, Karnataka. Currently today owned by US retail giant Walmart. In its initial years, Flipkart focused on online sales of books but it later expanded to electronic goods and a variety of other products. Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, and Cash on Delivery.

Japan:- Rakuten Ichiba is the largest Japanese online retailer and operated by Rakuten, Inc. It is a Business-to-many(B2M) platform where businesses sell their goods or services to other businesses as well as to consumers. Rakuten Inc. was founded in 1997 by Japanese businessman Hiroshi Mikitani. Apart from e-commerce, fintech, digital content and communications services; the company also operates Japan’s biggest Internet bank and number one credit card company by transaction value.

United States:- Amazon.com is the the world’s largest online retailer, not only in the US. Amazon.com was founded by Jeff Bezos in 1994 and operated by Amazon.com, Inc headquartered in Seattle, Washington. The company started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. Today it is considered one of the world’s most valuable brands and the largest Internet company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.

BRICS

BRICS is a grouping acronym referring to the countries of Brazil, Russia, India, China, and South Africa.

Brazil:- MercadoLibre.com (meaning “free market” in Spanish) or MercadoLivre in Portuguese (Brazil, Portugal) is a website dedicated to e-commerce and online auctions. Mercado Livre holds the top position for online e-commerce in Brazil. Mercado Libre has their presence in different countries of Latin America and is being the region’s most popular e-commerce site by number of visitors.

Russia:- Wildberries.ru is the largest Russian online retailer. The company was founded in 2004 by Tatyana Bakalchuk, Russia’s self-made richest woman. Wildberries is one the highest-valued Russian Internet companies.

India:- (Already covered earlier in this post) Flipkart.com is the largest Indian online retailer but its parent company is a Singapore-registered entity headquartered in Bengaluru, Karnataka. Currently today owned by US retail giant Walmart. In its initial years, Flipkart focused on online sales of books but it later expanded to electronic goods and a variety of other products. Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, and Cash on Delivery.

China:- Taobao, is the largest Chinese portal for online shopping and operated by Alibaba Group. Taobao is a consumer-to-consumer e-commerce platform that allows individuals, retailers, and wholesalers to list freely and sell almost everything directly to buyers. Alibaba is one of the largest internet companies in China (and the world), and owns and operates a diverse portfolio of companies around the world in numerous business sectors.

South Africa:- Takealot.com is the largest South African online retailer based in Cape Town, South Africa. As the country’s largest e-commerce platform, takealot.com has contributed in growth of online retail and shopping in South Africa, and was the first local retailer to take part in Black Friday.