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Today’s Stock Price Performance of Major E-Commerce Platforms Such as Amazon, Alibaba, and more

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Through the year 2020 and the first half of 2021, the e-commerce industry thrived. In a matter of 18 months, the e-commerce industry became one of the highest profiting and revenue-generating spaces among the rest.

The tremendous success growth of the e-commerce sector is attributed to the Pandemic. It was during the Pandemic when the entire world ended up getting confined to their houses. During that time, the entire world was affected and the concept of physical shopping had completely vanished.

During this time, the consumers thanked the e-commerce platforms for making sure they offered whatever they needed and required. The support of e-commerce giants was appreciated in the form of high profits and revenue generations.

However, as the pandemic has started going away, the demand for e-commerce platforms has decreased. Therefore, the interest of the investors from these platforms is slowly shifting to companies and brands with physical outlets.

As a result, the stock prices of the majority of the e-commerce giants have started experiencing slight dips in the stock market.

As the world already knows, the top and the largest e-commerce giant by market valuation is Amazon. It currently observes a market valuation that is worth $1.815 trillion. Amazon’s current stock price is $3,580 per share, which is after recording a 0.21% increase in today’s stock market.

The second-largest e-commerce giant after Amazon is Alibaba. It currently observes a market valuation that is worth $373.34 billion. Alibaba’s current stock price is $133.66 per share, which is after recording a 2.17% dip in today’s stock market.

The third-largest e-commerce giant after Alibaba is Meituan. It currently observes a market valuation that is worth $211.73 billion. Meituan’s current stock price is $211.73 per share, which is after recording a 1.81% dip in today’s stock market.

The fourth-largest e-commerce giant after Meituan is Shopify. It currently observes a market valuation that is worth $198.47 billion. Shopify’s current stock price is $198.47 per share, which is after recording a 1.38% dip in today’s stock market.

The fifth-largest e-commerce giant after Shopify is Sea (Garena). It currently observes a market valuation that is worth $159.46 billion. Sea’s current stock price is $287.52 per share, which is after recording a 3.88% dip in today’s stock market.

The sixth-largest e-commerce giant after Sea is Jingdong Mall. It currently observes a market valuation that is worth $146.61 billion. Jingdong Mall’s current stock price is $89.46 per share, which is after recording a 2.00% surge in today’s stock market.

Just like Amazon, other e-commerce platforms have to launch different kinds of services such as cloud-based services, online streaming platforms, and so much more. This is the reason why Amazon has managed to gain such a high market valuation and it is least affected by the recent dip in e-commerce demand.

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