The next Amazon? Shopify's stock price has soared 48 times in five years

It is learned that after the outbreak of the epidemic, Shopify has experienced rapid growth, with a growth rate far exceeding that of Amazon, and has become the most valuable technology company in Canada. This independent station model is becoming a new trend in e-commerce.

According to estimates by US media Insider Intelligence, US e-commerce sales will grow by 16.1% this year, breaking the $1 trillion mark to reach $1.06 trillion. Amazon's position as the number one e-commerce company is under threat, and Shopify now accounts for 40% of Amazon's total sales, firmly sitting on the second place throne.

Since it is difficult for small and medium-sized sellers to stand out on large platforms such as Amazon or Alibaba, Shopify provides one-stop services for small and medium-sized sellers, from website design to online payment and logistics, making it easier to open online stores. In the past five years, Shopify's stock price has increased more than 48 times.

From the beginning of 2020 to the end of 2021, Shopify's market value soared by more than 240%, from $46 billion to more than $150 billion! Shopify founder Luke's wealth soared, becoming the third richest person in Canada.

According to Su Jiming, founder of Cyberbiz, a one-stop solution platform, "Amazon is called a comprehensive e-commerce, which is a bit like an offline department store. So today, people go there not for the brand, but to go to the department store, and then maybe look for the products they want to buy. And I go to the brand's official website because I am loyal to this brand and I recognize this brand, so I will buy things there."

Su Jiming pointed out that in the next few years, the market of Shopify will usher in fierce competition. However, the threshold for independent sites is relatively high for novice sellers. Cross-border newbies are advised to start from large platforms and expand to independent site business after having sufficient funds and supply chain.

Editor ✎ Xiao Zhu/

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