Reported 9 days ago
The Chinese government has introduced a stimulus package to revitalize its struggling economy, including measures such as reducing banks' reserve ratios and allowing institutions to use central bank financing for stock purchases. Three companies that may benefit from this plan are Baidu, Alibaba, and JD.com. Baidu, akin to Alphabet, is working to transform its search engine and is focused on cloud computing. Alibaba, similar to Amazon, is improving its e-commerce operations while tackling competition, and JD.com focuses on direct sales of electronics and appliances. All three companies are currently seen as undervalued compared to U.S. peers.
Source: YAHOO