Amazon, Alibaba, Wayfair, and Pinduoduo all saw revenues jump more than 30 per cent last year as the ecommerce sector exploded in popularity.
According to new figures from GlobalData, nine of the top ten ecommerce companies across the globe reported double digit sales increases during the pandemic.
As COVID-19 drove consumers online in their droves, established ecommerce platforms were able to elicit dramatic revenues increases throughout the year.
Amazon saw online sales grow 40 per cent, while its Chinese counterpart Alibaba also saw a 40 per cent rise in annual revenues, alongside a billion annual active consumers globally on its retail platform during the period.
