Extreme precipitation can trigger various natural hazards, causing catastrophic losses worldwide. As global warming accelerates, it is widely acknowledged that extreme precipitation will become more frequent and intense, calling for more accurate historical and projected precipitation estimation. Identifying extreme precipitation events is understudied particularly on the global scale, given that most studies only focus on pixel-by-pixel characteristics while ignoring the space-time continuity and evolution of extreme events. This study utilizes an object-based tracking method to track the precipitation system objects in time, extracting spatiotemporal attributes of precipitation events and investigates variable definitions of extremes for a better understanding of the performance of existing precipitation datasets. Five satellite and two reanalysis precipitation products (IMERG, GSMaP, PERSIANN-CCS, TRMM 3B42, CMORPH, ERA5, and ERA-Interim) are involved to investigate (1) the difference and similarity of those datasets in depicting the global pattern of extreme precipitation, (2) the impact of various definitions of extreme events, and (3) the trend of global extreme precipitation events. Results show that the object-based method can capture the motion of precipitation events. Different extreme definitions have a large impact on the distribution, trend, and features of extreme precipitation. The inter-comparison of extreme precipitation events from different products shows low correlation, indicating that accurately capturing the evolution of extreme events is still challenging. Reanalysis product-based analysis shows variable trends (magnitudes and signs) based on different attributes of precipitation objects and notable scale effect. Satellite precipitation products exhibit distinct inter-annual variability which could affect their hydrometeorological applications. In summary, this study leverages the object-based tracking method for comprehensive extreme precipitation analysis from the multi-dataset, multi-scale, and multi-definition perspectives, which can advance the understanding of the status and trend of global extreme precipitation.