Industries
E-commerce Industry
Consumer Discretionary
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The industry of commercial activities including the electronic buying and selling of products and services conducted on online platforms or over the internet, now the largest and fastest-growing segment of the retail industry.
Facts
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Amazon's 1997 IPO funded the growth of one of the e-commerce industry's defining companies from an online bookseller into a broad retail platform.
eBay's online auction and marketplace platform was one of the earliest and most influential e-commerce businesses.
Group buying, offering discounts once enough buyers commit, is an e-commerce industry model popularized by daily-deal sites.
Online auctions, where buyers bid competitively on listed items over the internet, are a foundational e-commerce industry format.
An online marketplace is defined in its own description as an e-commerce business model, letting third-party sellers list goods on a shared platform rather than each running its own store.
Reverse auctions, where sellers compete by bidding prices down for a buyer's business, are widely used in e-commerce and procurement platforms.
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