Largest Horizontal E-commerce Public Companies

Company	HQ	Sectors	Stock Price	1Y Perf.	Market Cap	EV	EV/Revenue	EV/EBITDA
Alibaba Group		Consumer E-commerce+5	$17	+7%	$333B	$320B	2.2x	15.9x
Pinduoduo		Consumer E-commerce+3	$103	-13%	$146B	$86B	1.3x	5.6x
MercadoLibre		Consumer Marketplaces+4	$14	-19%	$88B	$94B	3.1x	22.3x
Sea		Consumer Marketplaces+4	$105	-19%	$62B	$57B	2.4x	17.9x
JD.com		Consumer E-commerce+1	$13	-36%	$38B	$25B	0.1x	8.1x
Coupang		Consumer E-commerce+1	$20	-10%	$36B	$34B	1.0x	22.4x
LY Corporation		Consumer E-commerce+4	$2	-24%	$17B	$22B	1.7x	6.9x
Rakuten		Consumer E-commerce+1	$5	-5%	$11B	$9B	0.6x	4.0x
Mango Excellent Media		Consumer E-commerce+2	$4	-5%	$7B	$7B	3.4x	6.6x
Vishal Mega Mart		Consumer E-commerce+1	$1	+22%	$6B	$7B	4.7x	32.3x
Global-e		B2B E-commerce+2	$35	-3%	$6B	$5B	5.2x	24.9x
Blibli		Consumer E-commerce+1	$0	-4%	$3B	$4B	—	—
DeNA		Consumer E-commerce+4	$18	-21%	$2B	$2B	1.6x	7.1x
Chancemate		B2B E-commerce+1	$7	+73%	$2B	$1B	8.0x	65.6x
momo.com		Consumer E-commerce+1	$6	-43%	$2B	$2B	0.5x	10.5x
Sailvan Times		Consumer E-commerce+1	$3	-1%	$1B	$1B	0.7x	16.4x
Akso Health		Horizontal E-commerce	$1	+11%	$1B	$1B	—	—
SFC Holdings		B2B E-commerce+1	$1	+13%	$1B	$881M	—	—
Hepsiburada		Consumer E-commerce+1	$3	-3%	$1B	$854M	0.4x	26.8x
Jumia Technologies AG		Horizontal E-commerce	$8	+267%	$977M	$911M	4.6x	(19.2x)
Bukalapak.com		Consumer E-commerce+1	$0	-3%	$842M	($461M)	(1.3x)	151.3x
ASKUL		B2B E-commerce+2	$8	-14%	$741M	$694M	0.2x	12.8x
THG		Consumer E-commerce+3	$0	+1%	$681M	$1B	0.6x	12.2x
Hyundai Home Shopping		Consumer E-commerce+2	$54	+62%	$606M	$285M	0.1x	1.4x
ZKH Group		B2B E-commerce+3	$4	+6%	$584M	$391M	0.3x	(34.7x)
Fanli Digital Technology		Consumer E-commerce+1	$1	+16%	$355M	$312M	—	—
Scroll		Consumer E-commerce+1	$9	+33%	$289M	$259M	0.4x	—
Kogan.com		Consumer E-commerce+1	$3	-14%	$275M	$239M	0.7x	9.1x
PChome Online		Consumer E-commerce+1	$1	-29%	$179M	$332M	—	—
Bike24		Consumer E-commerce+1	$3	+73%	$153M	$165M	0.5x	9.6x
HKTV		Consumer E-commerce+1	$0	-2%	$144M	$140M	—	—
Baozun		Consumer E-commerce+1	$2	-14%	$141M	$122M	0.1x	2.6x
Raccoon Holdings		B2B E-commerce+2	$4	-32%	$84M	$64M	1.6x	—
LightInTheBox		Consumer E-commerce+1	$3	+35%	$49M	$40M	—	—
Senshukai		Consumer E-commerce+1	$1	-48%	$42M	$47M	0.2x	—

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