[Rewards] Alibaba Vs JD.Com: Which one do you prefer?
$Alibaba(BABA)$ (+11.51% )and$JD.com(JD)$ (+7.92% ) stocks surged during premarket trading on Tuesday, after China's government relaxed some Covid-19 restrictions.
Comparing Alibaba to JD is like comparing Amazon to eBay.
JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue. In order to expand the online shopping space for Chinese consumers, JD.com continues to add sections to its online retail site that allows consumers to buy international brands.
Alibaba is China’s biggest online marketplace. It has three major sites namely – Taobao, Tmall and Alibaba.com. In recent years, Alibaba has continued to expand its business footprint. These sites have 903 million customers on an average along with hosting millions of merchants and businesses.
💡Highlights of this quarter:
A slew of macroeconomic headwinds, including COVID-19-related lockdowns in China, intense competition, and sluggish growth, may have impacted Alibaba’s and JD.COM retail sales performance during the third quarter.
Last month, the National Bureau of Statistics of China reported that the total retail sales of consumer goods (except automobiles) rose 1.2% year-over-year in September. Similarly, for the nine months ending September, the figure grew a modest 0.7%, indicating a slow but steady improvement in retail sales.
Despite the near-term challenges, analysts remain highly optimistic about Alibaba’s and JD.com long-term potential.
Alibaba Vs JD.Com: Which one do you prefer?
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The deadline for this event is 22:00 on Thursday, 17 November 2022
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