A data processing method and a storage apparatus are disclosed. The data processing method includes: receiving, by a non-volatile memory express (NVMe) storage device, an NVMe write command sent by a host, where the NVMe write command carries a key and a value pointer, the value pointer points to first storage space, and the first storage space is used to store a value; obtaining, by the NVMe storage device, the key from the NVMe write command and a value length, and allocating second storage space to the value according to the value length, where the second storage space is in the NVMe storage device; and obtaining, by the NVMe storage device, the value from the host, and storing the value in the second storage space.