Better Buy: Alibaba vs. MercadoLibre
E-commerce has long been an attractive long-term growth industry, but the COVID-19 pandemic has only accelerated its rise. As people have had to stay home for the pandemic, current e-commerce customers are purchasing more, and new customers are now discovering the convenience of e-commerce for the first time. And with people all over the world wary of close human contact, digital payments solutions that support the new e-tail world are also on the rise.
When you combine these growth trends with the GDP growth of developing countries, it makes for a powerful trifecta. Two of the leading e-commerce players in developing countries are Chinese e-commerce leader Alibaba (NYSE: BABA) as well as Latin American e-commerce leader MercadoLibre (NASDAQ: MELI).
So, which of these two high-octane stocks is the better buy today?
Source Fool.com
