JD.com reported net revenue of $25.7 billion, representing a 29.2% increase from a year earlier. The company has recently announced strong third-quarter results last month. The company’s stock price is up 128% year-to-date as of Tuesday’s closing. These would enable the company to continue its growth in the foreseeable future, making JD a top e-commerce player in China. It also possesses one of the largest drone delivery systems and solid infrastructure. Unlike Alibaba, which mainly hosts listing platforms for sellers who handle their own inventories, JD takes on inventories and fulfills those orders with its own logistics network. JD.com ( JD Stock Report) is China’s largest direct retailer and the second-largest e-commerce company after Alibaba. Could These Be The Top Renewable Energy Stocks To Watch Going Into 2021? 2 Up 700%+ YTDīest Chinese Tech Stocks To Buy Now: JD.com.3 Electric Vehicle Stocks To Watch Before 2021.With all that being said, do you have these tech stocks from China on your watchlist going into 2021? After all, it isn’t any country’s interest to break up, or destroy such a profitable enterprise, right? With the recovery in sentiments on BABA stock, investors may realize that the market overreacted with regards to the top Chinese tech stocks. But the fear seems to have subsided, and investors may finally have come to their senses. This came when shares of Alibaba bounced back from a historical sell-off that’s seen the ‘Amazon of China’ lose 30% of its value in just two months. The confidence in Chinese tech stocks was evident this week in the stock market. “For investors to properly position their portfolios for the post-Covid world ahead, in the new world order, they need to have more of their investment portfolios allocated into China … Geopolitical diversification is going to be a much more important portfolio … consideration in the years ahead … They should increase their allocation to Chinese shares up to 20% over the next decade.” – Paul Colwell, Head of Advisory Portfolio Group for Asia, Willis Towers Watson. Perhaps, you can even hold these over the coming few years.
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However, as worrying as things may seem, there are still high growth companies that are still worth consideration.
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And if that’s not enough, new antitrust rules in China to rein in top tech stocks like Alibaba ( BABA Stock Report) and Tencent ( TCEHY Stock Report) have sparked fears of mass exodus. Recall that President Trump signed a bill calling for the delisting of foreign companies that don’t adhere to the same accounting standards. But it’s not all smooth sailing for the sector in China, to say the least. Do You Have These Top Chinese Tech Stocks On Your 2021 Watchlist?Ĭhinese tech stocks have made strong gains in 2020 as COVID-19 pushed more commercial activities online.