Move aside, Alibaba. Morningstar says it prefers another Chinese e-commerce stock
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.
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