China’s economy is still ailing, but its e-commerce sector continues to shine and serve as a major driver of the country’s economic growth, said an eMarketer report Friday. E-commerce companies such as Alibaba Group Holding (BABA), JD.com (JD) and Vipshop Holdings (VIPS) are supporting China’s retail sales growth, as Internet penetration and smartphone ownership in the country continue to increase. EMarketer estimates that retail e-commerce sales,
Chinese securities are rallying in the stock market today as government regulators took further measures to prop up China’s markets. Here’s a look at four e-commerce stocks listed in the U.S. that are rebounding: JD.com (JD), Alibaba Group Holding (BABA), 58.com (WUBA) and Vipshop Holdings (VIPS). JD.com gapped up 8.5% in quick turnover, erasing the majority of its losses from the last four sessions that had the stock testing its 200-day line. JD
The market is bleeding red today, but here are three highly rated stocks holding up during the sell-off: Ambarella (AMBA), AbbVie (ABBV) and Vipshop (VIPS). GoPro (GPRO) chip supplier Ambarella is trading about 1% off its all-time high of 86.75 reached last Wednesday, shortly after finding support at the 50-day line. Tuesday’s volume is tracking above average. The stock is also up about 34% from a consolidation base buy point of 63.30, which