Alibaba vs. JD: Which Chinese E-Commerce Stock Is A More Compelling Buy?
- Date: 22-May-2021
- Source: Yahoo News
- Sector:Economy
- Country:Middle East
Alibaba vs. JD: Which Chinese E-Commerce Stock Is A More Compelling Buy?
E-commerce is experiencing substantial growth in China. According to a World Economic Forum report from earlier this year that cited data from Statista and eMarketer, Chinese e-commerce made up more than half of global Internet retail sales. According to eMarketer, e-commerce in China is expanding at a faster pace than anywhere else in the world.
From 2016 to 2020, China’s share of e-commerce as a part of total retail sales in the country more than doubled from 20% to 44%. In contrast, the share of e-commerce as a part of total retail sales in countries like U.K. and the United States was 27.7% and 14.5%, respectively, over the same period.
Using the TipRanks Stock Comparison tool, let us compare two Chinese e-commerce companies, Alibaba, and JD.com, and see how Wall Street analysts feel about these stocks.