Internet & Direct Marketing Retail

I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Display GDP grow per year to compare with Revenue Change
1. JD.com, Inc JD													6,642	11,454	18,535	181,042	260,122	362,332	462,020	576,888
2. Alibaba Group Holding Limited BABA													3,180	5,558	8,446	1,983	101,143	158,273	250,266	376,844	509,711
3. Amazon.com, Inc AMZN	2,762	3,122	3,933	5,264	6,921	8,490	10,711	14,835	19,166	24,509	34,204	48,077	61,093	74,452	88,988	107,006	135,987	177,866	232,887	280,522
4. Vipshop Holdings Limited VIPS											33	227	692	1,697	3,774	40,203	56,591	72,912	84,524	92,994
5. Trip.com Group Limited TCOM		5.32	12.09	21	40	65	100	164	217	291	437	556	668	890	1,184	10,898	19,228	26,780	30,965	35,666
6. Pinduoduo Inc PDD																	505	1,744	13,120	30,142
7. Booking Holdings Inc BKNG	1,235	1,172	1,004	864	914	963	1,123	1,391	1,885	2,338	3,085	4,356	5,261	6,793	8,442	9,224	10,743	12,681	14,527	15,066
8. Qurate Retail, Inc QRTEA				1,973	5,687	6,501	7,326	7,802	8,079	8,305	10,982	9,616	10,054	11,252	10,499	9,989	10,647	10,404	14,070	13,458
9. Expedia Group, Inc EXPE	222		591	2,340	1,843	2,119	2,238	2,665	2,937	2,955	3,348	3,449	4,030	4,771	5,763	6,672	8,774	10,060	11,223	12,067
10. eBay Inc EBAY	431	749	1,214	2,165	3,271	4,552	5,970	7,672	8,541	8,727	9,156	11,652	14,072	16,047	17,902	8,592	8,979	9,567	10,746	10,800
11. Yatra Online, Inc YTRA																6,528	8,345	9,345	12,249	9,359	7,259
12. Wayfair Inc W													601	916	1,319	2,250	3,380	4,721	6,779	9,127
13. Baozun Inc BZUN														251	255	2,598	3,390	4,149	5,393	7,278
14. Secoo Holding Limited SECO														608	0.12	1,743	2,594	3,740	5,388	6,846
15. Chewy, Inc CHWY																		120901	2,104	3,5333,533	4,8474,847
16. Dada Nexus Limited DADA																		1,218	1,922	3,100
17. MercadoLibre, Inc MELI						28	52	85	137	173	217	301	374	473	557	652	844	1,398	1,440	2,296
18. Groupon, Inc GRPN											313	1.61	2,334	2,574	3,192	3,120	3,143	2,844	2,637	2,219
19. Cnova N.V CNVAF													2,626	3,994	4,204	1,737	1,856	2,035	2,174	2,195
20. Bluestem Group Inc BGRP															158	480	1,743	2,101	1,892	1,798
21. Uxin Limited UXIN																	825	1,951	3,315	1,588
22. Stitch Fix, Inc SFIX																	730	977	1,227	1,578	1,712
23. Overstock.com, Inc OSTK	26	40	92	239	495	804	788	766	834	877	1,090	1,054	1,099	1,304	1,497	1,658	1,800	1,745	1,822	1,459
24. Lands' End, Inc LE													1,726	1,586	1,563	1,555	1,420	1,336	1,407	1,452	1,450
25. Cango Inc CANG																	434	1,052	1,091	1,440
26. Grubhub Inc GRUB													82	137	254	362	493	683	1,007	1,312
27. 1-800-FLOWERS.COM, Inc FLWS	385	442	497	566	604	671	782	913	919	714	668	690	721	734	756	1,122	1,173	1,194	1,152	1,249	1,490
28. Ruhnn Holding Limited RUHN															0	6.98	3.02446	578	948	1,093	1,296
29. MOGU Inc MOGU																		1,110	973	1,074	835
30. Farfetch Limited FTCH																142	242	386	602	1,021
31. Etsy, Inc ETSY														125	196	274	365	441	604	818
32. Leju Holdings Limited LEJU													171	335	496	576	560	363	462	693
33. Shutterstock, Inc SSTK											83	120	170	236	328	425	494	557	623	651
34. Revolve Group, Inc RVLV																	312	400	499	601
35. Stamps.com Inc STMP	15.23	19.43	16.33	21	38	62	85	86	85	82	86	102	116	128	147	214	364	469	587	572
36. Duluth Holdings Inc DLTH															163	232	304	376	471	568568	616616
37. Despegar.com, Corp DESP																422	411	524	531	525
38. MakeMyTrip Limited MMYT										69	84	125	197	229	255	300	336	448	675	486	512
39. Blue Apron Holdings, Inc APRN															78	341	795	881	668	455
40. Quotient Technology Inc QUOT													112	168	222	237	275	322	387	436
41. Points International Ltd PCOM							10.31	31	75	80	96	123	139	202	255	296	322	348	376	401
42. Real Matters Inc RLLMF															115	171	249	303	281	323	456
43. The RealReal, Inc REAL																		138	207	318
44. PetMed Express, Inc PETS			32	55	94	108	138	162	188	219	238	232	238	228	233	229	235	249	274	283	284
45. CarParts.com, Inc PRTS					41	60	120	161	153	176	262	327	304	255	284	291	304	303	289	281
46. LightInTheBox Holding Co., Ltd LITB												116	200	292	382	324	292	320	228	244
47. Liquidity Services, Inc LQDT					76	89	148	199	264	236	287	327	475	506	496	397	316	270	225	227	206
48. Goodfood Market Corp GDDFF																0.19	2.8	19.8	71	161	0
49. Jumia Technologies AG JMIA																		93	131	160
50. Leaf Group Ltd LEAF									170	198	253	325	381	395	172	126	113	129	155	155
51. Fiverr International Ltd FVRR																		52	76	107
52. Gaia, Inc GAIA	61	99	111	102	97	142	219	263	257	278	274	275	202	155	167	13.46	17.25	28	44	54
53. Acorn International, Inc ATV						170	197	262	251	288	293	362	243	185	95	48	25	17.07	25	37
54. Remark Holdings, Inc MARK							0	0.35	0.46	2.26	6.66	4.99	0.5	2.05	1.84	14.23	59	71	79	5.02
55. Monaker Group, Inc MKGI										2.76	1.32	2.54	1.29	0.99	1.56	1.09	0.54	0.4	0.43	0.51	0.44
56. Moxian, Inc MOXC															0.06	0.08	0.02	0.09	0.34	0.37
57. Starco Brands, Inc STCB													0	0.02	0.05	1.5	0.43	0.01	0.13	0.24
58. ZoomAway Travel Inc ZMWYF								8.04	6.88	9.43	10.1	0	0	0	0	0	0.01	0.35	0.15	0.06
59. Rediff.com India Limited REDFY	1.91	5.62	25	17.25	9.45	12.63	18.7	29	32	25	18.84	22	19.94	15.66	16.12	15.34	0	0	0	0	0
60. Scientific Energy, Inc SCGY								0	0	3.06	12.32	0	0	0	0	0	0	0	0	0
61. ICTV Brands Inc ICTV	0.73	1.24	1.63	1.09	1.13	2.42	2.98	9.09	15.37	5.9	3.9	3.1	23	41	32	24	16.79	31
62. Arcis Resources Corporation ARCS									0	0	0			0.94	0.46	0
63. LXRandCo, Inc GGBBF															12.94	2.36	3.15	4.99	5.67	0
64. Balincan USA, Inc BCNN								0	0	0					2.45	0	0
65. JRjr33, Inc JRJRQ													0.93	65	81	117	120
66. HealthWarehouse.com, Inc HEWA									0	3.78	5.69	10.36	11.08	10.23	6.13	7.02	10.38	14.85	15.75	0
67. A1 Group, Inc AWON													0.01	0.21	0.27	0.17	0
68. MediaBay, Inc MBAY	44	42	46	37	18.83	8.96
69. Eastern Asteria, Inc EATR	0.05	0.28	0.23	0.58	0.36	0.24			6	7.05	22	2.57	1.74
70. Odimo Inc ODMO			28	42	52	52	18.98	0.01	0	0	0	0	0

Revenue Growth	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Display GDP growth per year to compare with Revenue Change
1. JD.com, Inc JD	1.72	1.72	1.62	9.77	1.44	1.39	1.28	1.25
2. Alibaba Group Holding Limited BABA	1.75	1.75	1.52	0.23	51.01	1.56	1.58	1.51	1.35
3. Amazon.com, Inc AMZN	1.13	1.13	1.26	1.34	1.31	1.23	1.26	1.39	1.29	1.28	1.4	1.41	1.27	1.22	1.2	1.2	1.27	1.31	1.31	1.2
4. Vipshop Holdings Limited VIPS	6.97	6.97	3.05	2.45	2.22	10.65	1.41	1.29	1.16	1.1
5. Trip.com Group Limited TCOM	2.27	2.27	1.73	1.93	1.6	1.55	1.64	1.32	1.34	1.5	1.27	1.2	1.33	1.33	9.2	1.76	1.39	1.16	1.15
6. Pinduoduo Inc PDD	3.45	3.45	7.52	2.3
7. Booking Holdings Inc BKNG	0.95	0.95	0.86	0.86	1.06	1.05	1.17	1.24	1.36	1.24	1.32	1.41	1.21	1.29	1.24	1.09	1.16	1.18	1.15	1.04
8. Qurate Retail, Inc QRTEA	2.88	2.88	1.14	1.13	1.06	1.04	1.03	1.32	0.88	1.05	1.12	0.93	0.95	1.07	0.98	1.35	0.96
9. Expedia Group, Inc EXPE	1.65	1.65	2.66	3.96	0.79	1.15	1.06	1.19	1.1	1.01	1.13	1.03	1.17	1.18	1.21	1.16	1.31	1.15	1.12	1.08
10. eBay Inc EBAY	1.74	1.74	1.62	1.78	1.51	1.39	1.31	1.29	1.11	1.02	1.05	1.27	1.21	1.14	1.12	0.48	1.05	1.07	1.12	1.01
11. Yatra Online, Inc YTRA	1.28	1.28	1.12	1.31	0.76	0.78
12. Wayfair Inc W	1.52	1.52	1.44	1.71	1.5	1.4	1.44	1.35
13. Baozun Inc BZUN	1.02	1.02	10.18	1.3	1.22	1.3	1.35
14. Secoo Holding Limited SECO	0	0	15003.82	1.49	1.44	1.44	1.27
15. Chewy, Inc CHWY	7.52	7.52	2.34	1.68	1	1.37	1
16. Dada Nexus Limited DADA	1.58	1.58	1.61
17. MercadoLibre, Inc MELI	1.84	1.84	1.64	1.61	1.26	1.25	1.39	1.24	1.26	1.18	1.17	1.3	1.66	1.03	1.6
18. Groupon, Inc GRPN	0.01	0.01	1449.6	1.1	1.24	0.98	1.01	0.9	0.93	0.84
19. Cnova N.V CNVAF	1.52	1.52	1.05	0.41	1.07	1.1	1.07	1.01
20. Bluestem Group Inc BGRP	3.05	3.05	3.63	1.21	0.9	0.95
21. Uxin Limited UXIN	2.37	2.37	1.7	0.48
22. Stitch Fix, Inc SFIX	1.34	1.34	1.26	1.29	1.09
23. Overstock.com, Inc OSTK	1.57	1.57	2.29	2.6	2.07	1.63	0.98	0.97	1.09	1.05	1.24	0.97	1.04	1.19	1.15	1.11	1.09	0.97	1.04	0.8
24. Lands' End, Inc LE	0.92	0.92	0.99	1	0.91	0.94	1.05	1.03	1
25. Cango Inc CANG	2.42	2.42	1.04	1.32
26. Grubhub Inc GRUB	1.67	1.67	1.85	1.43	1.36	1.38	1.47	1.3
27. 1-800-FLOWERS.COM, Inc FLWS	1.15	1.15	1.12	1.14	1.07	1.11	1.17	1.17	1.01	0.78	0.94	1.03	1.04	1.02	1.03	1.48	1.05	1.02	0.97	1.08	1.19
28. Ruhnn Holding Limited RUHN	INF	INF	0.43	147.54	1.3	1.64	1.15	1.19
29. MOGU Inc MOGU	0.88	0.88	1.1	0.78
30. Farfetch Limited FTCH	1.7	1.7	1.59	1.56	1.69
31. Etsy, Inc ETSY	1.56	1.56	1.4	1.33	1.21	1.37	1.36
32. Leju Holdings Limited LEJU	1.96	1.96	1.48	1.16	0.97	0.65	1.27	1.5
33. Shutterstock, Inc SSTK	1.45	1.45	1.41	1.39	1.39	1.3	1.16	1.13	1.12	1.04
34. Revolve Group, Inc RVLV	1.28	1.28	1.25	1.21
35. Stamps.com Inc STMP	1.28	1.28	0.84	1.3	1.8	1.62	1.37	1.01	0.99	0.97	1.04	1.19	1.14	1.11	1.15	1.45	1.7	1.29	1.25	0.97
36. Duluth Holdings Inc DLTH	1.42	1.42	1.31	1.24	1.25	1.21	1	1.08	1
37. Despegar.com, Corp DESP	0.97	0.97	1.27	1.01	0.99
38. MakeMyTrip Limited MMYT	1.22	1.22	1.49	1.58	1.16	1.12	1.17	1.12	1.33	1.51	0.72	1.05
39. Blue Apron Holdings, Inc APRN	4.38	4.38	2.33	1.11	0.76	0.68
40. Quotient Technology Inc QUOT	1.5	1.5	1.32	1.07	1.16	1.17	1.2	1.13
41. Points International Ltd PCOM	3.01	3.01	2.41	1.07	1.2	1.28	1.13	1.45	1.26	1.16	1.09	1.08	1.08	1.07
42. Real Matters Inc RLLMF	1.49	1.49	1.46	1.22	0.93	1.15	1.41
43. The RealReal, Inc REAL	1.51	1.51	1.53
44. PetMed Express, Inc PETS	1.72	1.72	1.71	1.15	1.27	1.18	1.16	1.17	1.09	0.97	1.03	0.96	1.02	0.98	1.02	1.06	1.1	1.04	1
45. CarParts.com, Inc PRTS	1.47	1.47	2.01	1.34	0.95	1.15	1.49	1.25	0.93	0.84	1.11	1.03	1.04	1	0.95	0.97
46. LightInTheBox Holding Co., Ltd LITB	1.72	1.72	1.46	1.31	0.85	0.9	1.09	0.71	1.07
47. Liquidity Services, Inc LQDT	1.18	1.18	1.65	1.34	1.33	0.9	1.21	1.14	1.45	1.06	0.98	0.8	0.8	0.85	0.83	1.01	0.91
48. Goodfood Market Corp GDDFF	14.37	14.37	7.07	3.56	2.29	0
49. Jumia Technologies AG JMIA	1.4	1.4	1.23
50. Leaf Group Ltd LEAF	1.17	1.17	1.27	1.28	1.17	1.04	0.44	0.73	0.9	1.14	1.2	1
51. Fiverr International Ltd FVRR	1.45	1.45	1.42
52. Gaia, Inc GAIA	1.63	1.63	1.13	0.92	0.95	1.47	1.54	1.2	0.98	1.08	0.98	1	0.74	0.77	1.07	0.08	1.28	1.64	1.55	1.23
53. Acorn International, Inc ATV	1.15	1.15	1.33	0.96	1.15	1.02	1.23	0.67	0.76	0.51	0.5	0.52	0.7	1.47	1.49
54. Remark Holdings, Inc MARK	INF	INF	1.32	4.95	2.94	0.75	0.1	4.09	0.9	7.74	4.17	1.19	1.12	0.06
55. Monaker Group, Inc MKGI	0.48	0.48	1.93	0.51	0.76	1.58	0.7	0.5	0.73	1.08	1.17	0.87
56. Moxian, Inc MOXC	1.49	1.49	0.26	4.29	3.69	1.09
57. Starco Brands, Inc STCB	8	8	2.04	30.54	0.28	0.02	15.41	1.9
58. ZoomAway Travel Inc ZMWYF	0.86	0.86	1.37	1.07	0	NAN	NAN	NAN	NAN	INF	35.96	0.43	0.37
59. Rediff.com India Limited REDFY	2.95	2.95	4.41	0.7	0.55	1.34	1.48	1.53	1.12	0.79	0.74	1.16	0.91	0.79	1.03	0.95	0	NAN	NAN	NAN	NAN
60. Scientific Energy, Inc SCGY	NAN	NAN	INF	4.03	0	NAN	NAN	NAN	NAN	NAN	NAN	NAN	NAN
61. ICTV Brands Inc ICTV	1.71	1.71	1.31	0.67	1.04	2.14	1.23	3.05	1.69	0.38	0.66	0.79	7.39	1.79	0.79	0.75	0.7	1.87
62. Arcis Resources Corporation ARCS	NAN	NAN	INF	1190.13	0.49	0.01
63. LXRandCo, Inc GGBBF	0.18	0.18	1.34	1.58	1.14	0
64. Balincan USA, Inc BCNN	NAN	NAN	INF	1783.53	0	NAN
65. JRjr33, Inc JRJRQ	69.58	69.58	1.26	1.43	1.03
66. HealthWarehouse.com, Inc HEWA	INF	INF	1.5	1.82	1.07	0.92	0.6	1.14	1.48	1.43	1.06	0
67. A1 Group, Inc AWON	18	18	1.32	0.61	0
68. MediaBay, Inc MBAY	0.94	0.94	1.09	0.8	0.51	0.48
69. Eastern Asteria, Inc EATR	5.52	5.52	0.82	2.58	0.61	0.68	24.71	1.17	3.19	0.11	0.68
70. Odimo Inc ODMO	1.52	1.52	1.25	0.99	0.37	0	0	NAN	NAN	NAN	NAN

Internet & Direct Marketing Retail

Revenue

Revenue Growth