Alibaba Group Holding Ltd. (NYSE:BABA) and JD. Com Inc. (ADR) (NASDAQ:JD) has recently shown its might in the online business commerce after its dominance over a long period of time. According to reports released by National Bureau of Statistics at the end of June this year, it is clear that Alibaba and JD.com have shown a positive trajectory as far as their revenue and income is concerned.
Further, it is clear according to the reports that China’s online retail sales went up to a tune of 41% and this excludes the sales of virtual goods and services. This translates to $73 billion within one financial year. It is also expressed that the growth stood at 30% by May this year. This is said to be a comparative substitutive growth.
Sources of Alibaba and JD.com Competitiveness
According to Shi, “the strong retail sales bode positively for the top line of Alibaba and JD in the second quarter of 2017”. Alibaba and JD.com are two large e-commerce companies in China which have been competing favorably with other online sales companies such as Vipshop Holdings (VIPS) which sis also considered to be one of the upcoming discount retailer that sells branded apparel, accessories, home goods and other lifestyle products.
China Firms are Surviving and growing on Global Stage
A number of online business analysts have expressed their assessment that point to the fact that China has recently been dogged by growth concerns in the recent months. On the other hand, they have expressed the fact that Chinese firms and especially those that cover China’s booming internet population are not suffering from lack of growth.
From this perspective, it crystal clear that Chinese online retail firms are not likely to suffocate from stiff competition from other global business firms. This can be associated with China and such firms as Alibaba and JD.com being able to compete favorably as far as online marketing.
It is now clear according to different sources that Alibaba is an IBD Leaderboard stock which constantly keeps making new records each and every day. This has phenomenon has been extended to JD’s stocks growth. And it is expected that JD.com could be a firm that many will talk about.
Alibaba closed yesterday’s trading session at $153 which was decline of $0.81 or 0.53%.