Who is Dominating the Ecommerce World- Alibaba or Amazon?

Alibaba and Amazon are frontrunners in the online retail market, and both of them are growing at a fast pace. Amazon, the world’s largest online retailer was founded by Jeff Bezos as Cadabra in 1994, and renamed as Amazon. Chinese e commerce giant Alibaba was founded by Jack Ma and 17 other co-founders in 1999. Alibaba’s IPO was the largest in the world, after raising $25 billion that gave it a market value of USD 231.44 billion. Amazon, on the other hand, raised $54 million through its IPO that gave it a market value of $438 million. In would be interesting to note that Amazon dominates Alibaba in terms of market capitalization and market value ranking, and Forbes ranks Amazon as #4 and Alibaba as # 12 worldwide in market value. But here's what: Alibaba has much more potential for growth than Amazon. More than 80% of all online purchase in China may be dominated by Alibaba, but with internet penetration still close to only 50% in China, there is a large user base that Alibaba can still tap into in their home turf. The infographic below from Ecommerce Platforms.com highlights interesting stats and figures of these two Ecommerce giants. Source: https://ecommerce-platforms.com/articles/ecommerce-war-amazon-or-alibaba