Better Asian E-Commerce Stock: JD.com vs. Coupang
JD.com (NASDAQ: JD) and Coupang (NYSE: CPNG) both serve millions of online shoppers in Asia. JD is China's largest direct retailer and the country's second-largest e-commerce company after Alibaba (NYSE: BABA). Coupang is the e-commerce market leader in South Korea.
Neither stock has been a great short-term investment. Over the past 12 months, JD's stock price plunged more than 40% as China's crackdown on its top tech companies, delisting threats in the U.S., and other macroeconomic headwinds spooked the bulls. Coupang, which went public a year ago at $35 per share, has plummeted nearly 50% below that key level as investors fretted over its slowing growth and steep losses.
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Source Fool.com
