The online GMV of au PAY amounted to US$1,334.8m in 2024. Explore everything you need to know about it. Including GMV development, regional scope, and many more.

The online GMV of Catch amounted to US$225.3m in 2024. Explore everything you need to know about it. Including GMV development, regional scope, and many more.

In 2023, Alibaba ranked first among China's comprehensive e-commerce retailers, with a market share of 46 percent. JD.com ranked second with a GMV share of 27.2 percent. E-commerce retail in ChinaChina has become one of the world’s largest e-commerce markets. As a major driver of the country’s retail economy, e-commerce sales share experienced a considerable rise from 10.6 percent of the total retail sales in 2014, to about 27.6 percent in 2023. The e-commerce retail sales value was estimated to reach 3.99 trillion U.S. dollars by 2026. Alibaba: the e-commerce giantEstablished in 1999, Alibaba.com was founded by Jack Ma, who stepped down as chairman in September 2019. Initially, Alibaba was a traditional e-commerce company but has now transformed into a conglomerate. It has a wide range of business including services such as financial, logistics, digital media, and cloud computing. In fiscal year 2023, the revenue of Alibaba amounted to around 868.7 billion yuan. The number of active consumers across Alibaba's online shopping properties reached 903 million in the first quarter of 2022. Alibaba Group launched the Singles’ Day marketing plan in 2008, focusing on offering numerous discounts, red packet coupons, and promotions to improve sales on November 11 (or 11.11). This date was chosen to represent single people among Chinese youth from the early 1990s. In 2021, Alibaba's gross merchandise volume on Singles' Day skyrocketed to 84.54 billion U.S. dollars. This represented an astonishing growth from 0.82 billion U.S. dollars just a decade earlier.

In 2024, global retail e-commerce sales reached an estimated six trillion U.S. dollars. Projections indicate a 31 percent growth in this figure over the coming years, with expectations to come close to eight trillion dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly 800 billion U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly two trillion U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing 20 percent.

The United States accounted for the largest share of Depop's gross merchandise volume (GMV) in 2024. Over half of the total GMV was generated in the U.S (58 percent). The United Kingdom (UK) had a GMV share of approximately 22.6 percent, securing second place. Australia followed, with a GMV share of 9.4 percent.

The largest portion of Poshmark's gross merchandise volume (GMV) in 2023 came from the United States. The United States accounted for about 93 percent of the total GMV. Canada came in second place, with a GMV share of about six percent, followed by Australia at approximately 0.4 percent. In October 2023, Poshmark announced a closing of their operations in Australia, India, and the United Kingdom.