Amazon.com, Inc., Walmart Inc. and Jindong JD (a subsidiary of JD.com, Inc.) are Dominating the Asia-Pacific E-Commerce Market in 2020

Asia-Pacific E-Commerce Market is expected to grow with the CAGR of 18.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Asia-Pacific e-commerce market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Asia-Pacific e-commerce market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2021, Jingdong JD launches shipping services across 16 markets which includes the U.S, Canada, Australia, Japan, Singapore, and Hong Kong and more for convenient cross-border shopping experience. The company enhanced its service offering that attracted more customers to them and generated more income for the company.

Amazon.com, Inc. is the dominating player in Asia-Pacific e-commerce market. The other key players existing in the market includes Jingdong JD (A Subsidiary of JD.com, Inc.), Alibaba Group Holding Limited, Rakuten Group, Inc., Supermarket Grocery Supplies Pvt Ltd, Grofers India Pvt. Ltd., Shopify Inc., Booking Holdings, eBay Inc., Walmart Inc., JB Hi-Fi, Woolworths Group Limited, Home Depot Product Authority, LLC, OTTO GROUP, Brainbees Solutions Pvt Ltd (Firstcry.com), ASOS plc, Groupon, Inc., Costco Wholesale Corporation, Vipshop Holdings Limited, Snapdeal Private Limited, and Carouse among others.

Asia-Pacific E-Commerce Market

Amazon.com, Inc.

Amazon.com, Inc. is headquartered in Washington, U.S. and was founded in 1994. The company is engaged in producing and selling wide range of products, content and services through online store and offline stores. Company operates in business segments such as North America, International and AWS out of which International is market focused segment. The company offers wide range of products categories such as Amazon store, devices and services, amazon web services, delivery and logistics and entertainment in which Amazon Store is market focused categories.

  • In April 2021, Amazon.com, Inc. has launched Amazon Fire TV Cube (2nd Gen) in India at very affordable price which is a streaming device having combined capabilities of Amazon's Fire TV and Echo smart speaker ranges, offering up to Ultra-HD HDR streaming and hands-free access to Alexa voice assistant. With this new product launch, the company will enhance its offerings in Television categories.

The company has wide global presence across Asia–Pacific, North America, South America, Europe and Middle East and Africa with its various subsidiaries such as Amazon Services LLC (U.S.), Amazon Digital Services, Inc (U.S.), Amazon EU Sarl (Luxembourg), Lovefilm UK Limited (U.K.), Amazon Technologies, inc. (U.S.) among others.

Walmart Inc.

Walmart Inc. is headquartered in Arkansas, U.S. founded in 1962. The company sells wide range of products through retail stores and ecommerce. Company operates in business segments such as Walmart U.S., Walmart International and Sam’s Club segments out of which Walmart International is market focused segment. The company offers product categories which are Shop Walmart.com and Shop SamsClub.com out of which Shop Walmart.com is market focused category.

  • In January 2021, Walmart Inc. has announced about the creation of a new fintech start-up designed to develop and offer modern, innovative and affordable financial solutions in strategic partnership with leading fintech investment firm Ribbit Capital. With this new solution, the company will enter into the new business to gain customers and increase business.

The company has wide global presence across North-America, Asia-Pacific, Europe, South Africa, Middle East and Africa and generates revenue from subsidiaries such as Wal-mart Stores East, Inc (U.S.), Sam’s West, Inc. (U.S.), Wal-Mart de Mexico, S.A. de C.V. (Brazil), ASDA Group Limited(Mexico), Sam’s Real Estate Business Trust(U.S.)  among others.

Jingdong JD (a subsidiary of JD.com, Inc.)

Jingdong JD (a subsidiary of JD.com, Inc.) is headquartered in Beijing, China and was founded in 1998. The company deals in online retailing that covers everything from fresh food and apparel to electronic and cosmetics. The company offers wide range of products categories such as Cell Phone/Digital, Household Appliances, Computer/Office, Home Textiles, Furniture/Home Improvement, Underwear, Luggage/Clock/Jewelry, Movement/Outdoor/Men's Shoes, Auto Accessories/, Mother and Baby/, Toy Musical Instrument/Pet Life, Home Cleaning/Personal Care, Books/Children's Book/Literature out of which Cell Phone/Digital, Household Appliances, Computer/Office, Furniture/Home Improvement, Underwear/Men's, Luggage/Clock/Jewelry, Movement/Outdoor/Men's Shoes, Auto Accessories/, Mother and Baby/, Toy Musical Instrument/Pet Life, Home Cleaning/Personal Care, Books/Children's Book/Literature is the market focused category.

  • In April 2021, Jingdong JD launched JD-Tencent Cloud Warehouse which provides cloud warehouse for the new solutions that provides systems with the rise of omni-channel retail and e-commerce livestreaming. The company enhanced its retail market services with operations while lowering costs. The new solution helped the company in integrating services to fast and quick supply of the products.

The company has presence across the Asia-Pacific.