In 2025, global e-commerce continues to be dominated by a few tech giants that not only change the way we shop, but also significantly impact the world economy. With relentless innovation and massive market reach, these companies have a market capitalization of trillions of dollars, reflecting high investor confidence and continued growth potential.
Here is a list of the 5 e-commerce companies with the largest market capitalization value in the world by 2025:
Based on the Companies Market Cap report, Amazon takes the top spot as the e-commerce company with the largest market capitalization value in the world. The company founded by Jeff Bezos was recorded to have a market capitalization of US$2.267 trillion or equivalent to IDR36,857 trillion (assuming an exchange rate of IDR16,258/US$) as of 9 June 2025.
In second place is the Chinese e-commerce company founded by Jack Ma, Alibaba, with a market capitalization of US$284.72 billion. As a Chinese e-commerce giant, Alibaba Group (with platforms like Taobao and Tmall) maintains its position as a key global player.
Canadian e-commerce company Shopify follows in 3rd place with a market capitalization of US$144.82 billion. Shopify has established itself as the platform of choice for millions of small and medium-sized businesses around the world looking to build their online stores. Its business model of providing e-commerce tools and infrastructure has proven to be highly scalable.
Chinese e-commerce company PDD Holdings (Pinduoduo) has a market capitalization of US$142.81 billion. Pinduoduo is known for its innovative group buying model, while Temu has been making waves in the international market with its highly competitive price offerings.
Next, the largest e-commerce in Latin America, MercadoLibre has a market capitalization of US$125.85 billion as of 9 June 2025. Often referred to as "Latin America's Amazon", MercadoLibre is an e-commerce and fintech leader in the region. With its marketplace platform, payment services (Mercado Pago), and logistics solutions (Mercado Envios), MercadoLibre has successfully navigated the complexities of the Latin American market.
Source: Companies Market Cap / Via Data Indonesia
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