Alibaba vs. JD.com: Which Chinese Retail Stock is a Better Choice? Bank & Insurance By Jacky Last updated Aug 24, 2021 Share The retail market in China is experiencing a significant increase in turnover. According to the National Bureau of Statistics in China, this market was worth RMB 39 trillion last year. Online retail penetration in China was 24.9% last year, up from just 6.2% in 2012. According to data from iResearch, China’s online retail market could have a gross trade value (GMV) of RMB 15.1 trillion by 2023, with a compound annual growth rate (CAGR) of 10% between 2020...