Global growth in e-commerce was already well underway before coronavirus pandemic created an even bigger tailwind for this megatrend. Alibaba Group Holding (BABA) is plotting 30% revenue growth this fiscal year and another 25% growth next year — figures that top the admittedly impressive growth of Amazon. Furthermore, while Western nations continue to wring their hands over the influence of Big Tech, with President Trump and the European Union finding a rare issue of agreement as they take aim at Amazon, Alibaba remains quite cozy with the Chinese government and carries much lower political risk. Read More...
Buy this, not that — 5 stocks to trade into now and 5 to avoid
Global growth in e-commerce was already well underway before coronavirus pandemic created an even bigger tailwind for this megatrend. Alibaba Group Holding (BABA) is plotting 30% revenue growth this fiscal year and another 25% growth next year — figures that top the admittedly impressive growth of Amazon. Furthermore, while Western nations continue to wring their hands over the influence of Big Tech, with President Trump and the European Union finding a rare issue of agreement as they take aim at Amazon, Alibaba remains quite cozy with the Chinese government and carries much lower political risk.
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