Top 5 Online Marketplaces in Greater China by GMV 2023

Which eCommerce Marketplaces Are the Leaders of Chinese Market by GMV in 2023?

In 2023, the Chinese eCommerce market witnessed a fierce competition among the top platforms, showcasing impressive Gross Merchandise Volume (GMV) figures. Pinduoduo emerged as the leader in the market with a GMV of US$570.3 billion, reflecting its widespread consumer appeal and dominance in the industry. Following on the next position, JD.com secured the second position with a GMV of US$498.8 billion, solidifying its strong foothold in the market. Taobao and Tmall also demonstrated significant GMV figures of US$485.4 billion and US$481.9 billion, respectively, highlighting their competitive positions in the eCommerce landscape. Douyin showcased its expanding eCommerce capabilities with a GMV of US$387.6 billion, indicating successful monetization of its vast user base. The data underscores the dynamic and competitive nature of the Chinese eCommerce market, with these top platforms driving substantial growth and innovation in the industry.

Main Facts: 2023's Top 5 Chinese eCommerce Marketplaces by GMV

• Marketplace1 Leads: With a GMV of US$570.3 billion, Pinduoduo ranks as the top marketplace in the Chinese market for 2023.
• Strong Contenders: JD.com and Taobao follow closely with GMVs of US$498.8 billion and US$485.4 billion, showcasing their significant market presence.
• Emerging Power: Tmall and Douyin assert themselves in the Chinese eCommerce market with a GMV of US$481.9 billion and US$387.6 billion respectively.