Move aside, Alibaba. Morningstar says it prefers another Chinese e-commerce stock
0 comments
Chinese e-commerce applications in the lead up to the June 18 mid-year shopping festival. Clockwise from top left: Alibaba Group’s Taobao, Pinduoduo, Alibaba, Alibaba’s Tmall, JD.com and Alibaba’s Idle Fish.
Chan Long Hei | Bloomberg | Getty Images
Following Alibaba’s disappointing earnings report for the September quarter, Morningstar says investors should look at another Chinese e-commerce stock instead.