If you asked most people on the street which giant e-commerce company has the most transactions per year between, Amazon, eBay and Alibaba, most would say either eBay or Amazon. But they would be wrong, very wrong. According to a report by the Economist magazine the Chinese wholesaling, b2b and retail giant Alibaba dwarfed its more famous American peers, handling more than 500 orders per second.
When the Chinese e-commerce giant listed on the New York Stock Exchange on the 19th of September, its market value was about US$231 billion. The Alibaba initial public offering raised $25 billion making it one of the largest IPOs ever.
According to the Economist article, these are the transactions for the Internet giants..
Alibaba transactions for 2013 – $269 billion ($9,368 spend per second)
Amazon transactions for 2013 – $169 billion ($3,691 spend per second)
eBay transactions for 2013 – $88 billion ($2,775 spend per second)
JD.com transactions for 2013 – $21 billion ($656 spend per second)
Rakuten transactions for 2013 – $16 billion ($521 spend per second)
If I hadn’t been researching the Alibaba company prior to the IPO I would have thought Amazon moved more product, but wow, $9,368 spent per second?!! I wish I could move that much in a day! There’s 86,400 seconds in one day. I just want one of those seconds to be like Alibaba’s each day
Some of the businesses owned and affiliated with the Alibaba group include the main Alibaba.com website, Taobao, Aliexpress, Tmall.com, eTao, group shopping site Juhuasuan, online payment system Alipay, Laiwang, 11 Main, and more. It’s a Chinese behemoth of a company.