Better E-Commerce Stock: Wish or JD.com
Six years ago, JD.com (NASDAQ: JD), China's largest direct retailer, invested about $50 million in a U.S. e-commerce start-up. That start-up was ContextLogic's (NASDAQ: WISH) Wish, which eventually went public last December with an initial valuation of over $14 billion -- four times its valuation of $3.5 billion at the time of JD's initial investment.
But today, Wish is worth less than $3.5 billion again. Its stock stumbled over the past year amid concerns about its slowing growth, widening losses, and heavy reliance on Chinese merchants for cheap products. Let's take a closer look at Wish, how it measures up to JD's much larger business, and if it's a more compelling buy for value-seeking investors.
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Source Fool.com
