When one thinks of the "top e-commerce stock," investors often mention Amazon. This might make sense since it pioneered and remains a force in the industry.

Nonetheless, they might also sour on Amazon when seeing that its e-commerce growth has dramatically slowed. Instead, some of its peers abroad continue to grow rapidly, a factor that might lead investors to consider Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), or Sea Limited (NYSE: SE) as the new top e-commerce stocks.

Shopify will likely prosper, not because of its e-commerce site directly, but how it supports its e-retailers. Yes, the Ottawa-based company has built a competitive advantage by offering a robust sales platform that clients can easily customize.

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Source Fool.com