Here's what China's e-commerce giants are telling us about the economy - 23 iunie 2022

De la TradeVille.ro wiki

Alibaba (US.BABA) was once the poster child for investing in modern China. Now the e-commerce market that fueled its growth is slowing, while new players eat away at Alibaba’s market share.

Pinduoduo (US.PDD) shares have more than doubled since then, while Meituan shares have climbed 80%, and JD shares are up more than 50% in Hong Kong. Kuaishou is up by nearly 47%.

Alibaba shares have climbed about 42% in Hong Kong, and 33% in New York. Tencent (DE.NNND) is up only about 25%. But except for Kuaishou and Pinduoduo, the stocks are still down for the year so far.

https://www.cnbc.com/2022/06/23/heres-what-chinas-alibaba-and-kuaishou-say-about-the-economy.html

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