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

SourceYahoo News
SectorEconomy
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.TipRanksJune 10, 2021, 5:26 AM·7 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

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)

Alibaba Group Holding Ltd.

is a Chinese e-commerce giant, founded by Jack Ma, that follows a market segmentation strategy with various online marketplaces that cater to different market segments. The company’s TaoBao is a marketplace that...read more...