|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||63.06 - 64.48|
|52-week range||53.47 - 99.40|
|Beta (5Y monthly)||0.54|
|PE ratio (TTM)||21.31|
|Forward dividend & yield||0.21 (0.32%)|
|Ex-dividend date||21 May 2021|
|1y target est||98.44|
Alibaba has become the most fashionable way to play a China rebound. But its rival looks like a better buy.
JD's stock price is down over 25% from its all-time highs, and Tencent's stock price is down over 35% from its all-time highs. There are numerous reasons for the depreciation in stock price, including tensions between the USA and China, Chinese cybersecurity regulators, and Chinese government interference in Chinese companies. In September, JD opened its first online store in Indonesia and launched physical stores and additional distribution centers in China to help improve its omnichannel retail experience.
This investment company is buying back its shares at a big discount while also holding stocks that do the same... and it's not Berkshire Hathaway.