Shares of e-commerce giants in China look attractive as Beijing attempts to stimulate domestic consumption, according to investor Jason Hsu. Hsu, founder and chairman of Rayliant Global Advisors, told CNBC's Pro Talks that Alibaba , JD.com , and Pinduoduo are among his top picks. He also revealed a more cautious stance toward Baidu over company specific factors.
line Hsu said he views JD.com similarly to Alibaba, with his preference between the two mainly driven by valuation metrics. "Over-weighing one versus the other is purely based on where they're trading at right now, in terms of valuation ratio, and BABA is cheaper, so we like it a bit more for that reason," he added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: