Major e-commerce apps' penetration rate in China 2023
Alibaba while JD.com and Pinduoduo are backed by Tencent. With an increasing smartphone penetration rate, e-commerce is booming in China.
In the second quarter of 2023, the Chinese e-commerce platform Taobao led the e-commerce app market in China with a penetration rate of 70.6 percent. Among the six major shopping apps, Taobao and Taote are owned by