2024-07-31 04:25:00 ET
JD.com (NASDAQ: JD) and Alibaba (NYSE: BABA) are two of the largest e-commerce companies in China. JD.com is the country's largest direct retailer by annual revenue, while Alibaba's Taobao and Tmall are its top third-party online marketplaces.
Both of these stocks were once considered promising blue chip plays on China's economic growth. But their stock prices both declined more than 70% from all-time highs as they grappled with macro, competitive, and regulatory headwinds. So should investors buy either of these out-of-favor Chinese stocks as a contrarian play?
Image source: Getty Images.
For further details see:
Best Stock to Buy Right Now: JD.com vs. Alibaba