The name for a traditional business (usually retail) with actual buildings, manufacturing plants, customer service centers, or distribution facilities. This is in contrast to dot-coms, which exist in cyberspace and make use of other people's facilities.

Historical perspective: As of September 2019, China has 129 of the biggest companies in the world by revenue, compared with 121 for the United States according to Fortune. It’s the first time that another country has surpassed the U.S. on the Fortune Global 500 since the list debuted in 1990.

NetLingo Classification: Online Business