The Three Global Online Retail Titans: An Overview

Amazon.com, Inc(AMZN), Alibaba Group Holding Limited (BABA) and Mercadolibre Inc(MELI) are the top three online retailers in the world. Amazon dominates the US market though its increasingly under threat from competitors. From a seller of books the retailer has grown to be an advertising powerhouse and a leader in cloud services through its AWS division. Alibaba is the largest player in China and Argentina-based Mercadolibre is a growing leader in the Latin American market.

The following table gives a high-level overview of these three online titans:

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Source: Three Technology Titans Reshaping Retail, Franklin Templeton

Disclosure: No Positions

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Argentina is the top performer so far this year with the Merval Index up by 21%. Mexico has increased by a modest 5% despite hopes of great gains after AMLO came to power. Among the developed European markets, Germany is up by 8.5% while UK’s FTSE 100 has gained only 6.7% as the market is still caught up in the great British Brexit chaos. Unlike last year, China is leading major emerging markets with a gain of 12.4% and India is basically flat year-to-date.

Below are some interesting links for weekend reading:

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Spiky Plant @ Loro Parque, Tenerife, The Canary Islands