15 Most Valuable Internet Companies in the World
Having access to the internet has been a lifesaver amid the pandemic. The most valuable internet companies in the world helped the global economy as the world used their services to get their groceries, essential healthcare items, entertainment and gaming. The internet sector provides access to products and services offered online such as e-commerce, travel, entertainment, social media platforms, business enterprise solutions, and cloud-based applications.
The ecommerce industry has been the highlight of the internet revolution. Global retail e-commerce sales increased by 27.6% in 2020 to $4.3 trillion, according to eMarketer’s data. On the other hand, the global social media market was valued at $94.8 billion and is projected to grow at a CAGR of 8.2% to reach $102.62 billion by 2021. On the contrary, the cloud collaboration market is expected to reach $42.6 billion in 2021. As the internet advances with the integration of new tec
5 Most Valuable Internet Companies in the World
Market cap: $632.3 billion
Chinese e-commerce company Alibaba Group ranks 5th on the list of 15 most valuable internet companies in the world. Aside from operating its Core Commerce business, the company also engages in cloud computing, digital media and entertainment, and innovation initiatives, and others. Alibaba recently invested $750 million in Nice Tuan, a Chinese grocery app, to expand its grocery segment.
In the third quarter of 2021, the company’s Core Commerce
revenue came in at $30 billion while Alibaba Cloud reached $2.4 billion.
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Published on April 7, 2021 at 5:35 am by Inan Dogan, PhD