Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Better Chinese E-Commerce Stock: Alibaba vs. Pinduoduo

TheMotleyFool

0 0

Better Chinese E-Commerce Stock: Alibaba vs. Pinduoduo: https://g.foolcdn.com/editorial/images/714672/laptop-shopping-cart.jpg

Alibaba Group (NYSE: BABA) and Pinduoduo (NASDAQ: PDD) are two of the largest e-commerce companies in China. Alibaba served 1.3 billion annual active customers globally at the end of fiscal 2022 (which ended in March 2022), including over 1 billion customers in China, while Pinduoduo reached 882 million annual active buyers in the first quarter of 2022.

But over the past 12 months, Alibaba's stock has declined about 25% as Pinduoduo's stock surged more than 40%. Let's see why that happened, and if Pinduoduo will remain the superior Chinese e-commerce play in 2023 and beyond.

Image source: Getty Images.

Source Fool.com

Like: 0

BABA

Share