Amazon made $636 per second last year, more than three times that of Pinduoduo!

When it comes to cross-border e-commerce platforms, Amazon has almost become everyone's first subconscious reaction. The development of many up-and-coming companies is inevitably compared with Amazon. The more they are likely to catch up with Amazon, the more optimistic they are. The revenue of these large companies has inevitably become the focus of everyone's attention.

According to the latest data released by Global E-Commerce Market, technology giant Amazon's net revenue per second will reach US$636 (about EUR 581) in 2023, a figure that exceeds the combined total of Alibaba and Pinduoduo.

Alibaba Group will earn $430 (about 392 euros) per second in 2023, and $13.8 billion (about 12.57 billion euros) for the whole year, while other e-commerce platforms are far below this figure.

Temu's parent company Pinduoduo will have a net revenue of $204 (185 euros) per second in 2023, less than a third of Amazon's.

However, there are reports that Temu has begun allowing sellers to store goods in local warehouses in the United States instead of shipping them from China.

Currently, the service is still used by Chinese sellers, but there have been reports that some American Amazon sellers have told the media that they are eager to start their own business on Temu. Some local brands in the United States have also expressed their happiness to join Temu, especially after seeing Temu's rapid rise in the United States. This is also a disguised recognition of Temu's achievements in the United States.

JD.com and eBay followed closely behind Alibaba and Pinduoduo in terms of net revenue per second, reaching $107 (97 euros) and $88 (80 euros) respectively.

In addition, Stocklytics.com also found that in addition to having the highest net profit of all e-commerce companies - $30.4 billion, Amazon's market value has also increased by more than $900 billion in the past year. Data shows that Amazon's market value was about $960 billion in March last year, and by March this year, its market value had risen to $1.85 trillion.

Alibaba is valued at $183 billion ( €166.78 billion ) , Pinduoduo at $146.5 billion ( €133.54 billion ) , followed by JD.com, eBay and Rakuten, with market capitalizations of $38.9 billion (€35.45 billion), $26 billion (€23.71 billion) and $11.99 billion (€10.93 billion), respectively. This means that Amazon's market capitalization alone is three times the total of the other four companies.

It is worth mentioning that according to data from Stocklytics.com , the global e-commerce industry was estimated to be close to US$3 trillion (approximately €274 million) last year, which is larger than the nominal GDP of Canada, Brazil and Italy in 2024.

Amazon

Temu

Revenue per second