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Barchart
Barchart
Mohit Oberoi

THE TRUTH ABOUT: Baba vs jd which is the better chinese tech stock to buy now - The Untold Story

JD BABA Alibaba China e-commerce United States Ant Financial JDcom

While U.S. stocks are still up convincingly for the year, Chinese stocks listed in Shanghai, as well as Hong Kong, are in the red. The comparison turns even bleaker if we compare the price action of tech names, specifically, which have led the U.S. market rally in 2023.

Alibaba (BABA) and JD.com (JD) are down 7.1% and 54% YTD, respectively. By contrast, Amazon (AMZN) shares are up a whopping 67% over the period. More broadly, Chinese tech shares have been out of favor with investors ever since the country took on Alibaba in late 2020, and even stalled the IPO of its affiliate company Ant Financial – which was set to become the biggest listing ever, and commanded a market cap higher than that of JPMorgan Chase (JPM), the biggest U.S. bank.

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