Online Retailers See Market Capitalisation Up By Two Thirds
Online retailers saw a 65% gain in cumulative market capitalisation in 2020, compared to the previous year, a new study by GlobalData has found.
Amazon led the way with a 78.4% increase in market capitalisation last year, according to the study.
Commenting on the findings, Keshav Kumar Jha, business fundamentals analyst at GlobalData, said the major online retailers benefited from "the increase in demand for e-commerce and contactless delivery services owing to the raging pandemic of COVID-19 the world over."
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