JD.com (NASDAQ: JD) and (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?

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Source Fool.com