Alibaba vs. Pinduoduo: Which Chinese E-Commerce Stock Could Fetch Higher Returns?

Alibaba vs. Pinduoduo: Which Chinese E-Commerce Stock Could Fetch Higher Returns?

E-commerce in China is growing at a substantial rate with an increase in internet penetration in the country. Earlier this year, a World Economic Forum report cited data from Statista and eMarketer, stating that more than 50% of global Internet retail sales comprised Chinese e-commerce. According to eMarketer, e-commerce in China is expanding at a faster pace than anywhere else in the world.

Using the TipRanks Stock Comparison tool, let us compare two Chinese e-commerce companies, Alibaba, and Pinduoduo, and see how Wall Street analysts feel about these stocks.

Alibaba (BABA)