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NASDAQ:JD
Ecommerce in China. It is the ‘other’ internet ecommerce stock in China apart from BABA-N. It is more like a store that has inventory, however. BABA-N is through consignment. JD is cheaper. It is a good business and is leading edge in technology. He may look at it in the future if it gets cheap enough. He owns Tencent (TCEHY-5) but not BABA-N.
A smaller version of Ali Baba (BABA-N), an emerging e-commerce player. They’ve been winning a little bit of market share, especially in the last quarter or 2. They’ve really surprised on the upside to earnings. Valuation wise, it is expensive. They have room to continue to expand their market share.
Essentially an Amazon.com. There are 105 million users already. If you look at the consumer side in China, it hasn’t been a meteoric rise that you might think, so he thinks this has much further to go. A search would show that it is one of the top picks amongst US hedge funds. Speculative, but be comfortable with that.