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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Better Chinese Stock: Alibaba vs. JD.com

Leo Sun, The Motley Fool
·5 min read
Better Chinese Stock: Alibaba vs. JD.com

China's gross domestic product rose 4.5% in the first quarter of 2023, beating the consensus forecast for 3.4% growth, as the country bounced back from the pandemic-related lockdowns that finally ended in late 2022. Two potential plays on that recovery are Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD), the two largest e-commerce companies in China. Alibaba and JD still trade about 70% and 60% below their all-time highs, respectively, but they both look cheap -- Alibaba trades at just 11 times forward earnings, while JD has a forward price-to-earnings ratio of 14.

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