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Shopify Inc (NYSE: SHOP) and Etsy Inc (NASDAQ: ETSY) profited from the trend, with
Amazon.com, Inc. (NASDAQ: AMZN) taking the throne. But, their stocks could rise even higher this year as online retail is here to stay. Along these three solid long-term investments, overseas e-commerce companies such as
MercadoLibre Inc (NASDAQ: MELI),
Baozun Inc (NASDAQ: BZUN), and
Pinduoduo Inc (NASDAQ: PDD) are just as attractive yet are frequently overlooked.
MercadoLibre
MercadoLibre is the largest e-commerce company in Latin America that operates in 18 countries. Its three top markets are Brazil that contributed 65% to its total revenue last quarter, Argentina that accounted for 19%, followed by Mexico at 12%. At the end of 2015, its registered userbase grew from 144.6 million to 320.6 million by the end of 2019, while it added 46.8 million more during the first nine months of 2020.
NYSE to delist three Chinese telecom firms
NEW FLIP-FLOP: A report said that US officials have talked about the impact of delisting the firms, which have a combined market value of US$1.3 billion
AFP, NEW YORK
The New York Stock Exchange (NYSE) on Wednesday reversed course again, saying that it would delist three Chinese telecom equities from trading due to new US government guidance.
Meanwhile, Washington is considering adding Chinese ecommerce giant Alibaba Group Holding Ltd (阿里巴巴) and tech giant Tencent Holdings Ltd (騰訊) to the blacklist, the
Wall Street Journal reported.
The latest flip-flop by the NYSE, which is to remove China Mobile Ltd (中國移動), China Telecom Corp Ltd (中國電信) and China Unicom Hong Kong Ltd (中國聯通), returns the exchange to its original policy announced last week.
U.S. Considers Ban On China s Alibaba, Tencent
BEIJING (dpa-AFX) - U.S. President Donald Trump s administration is discussing to add Chinese majors Alibaba Group Holding Ltd and Tencent Holdings Ltd. to a blacklist of companies allegedly owned or controlled by the Chinese military, multiple reports said citing people familiar with the plan.
Trump in November had signed an executive order banning U.S. investors from buying shares of the blacklisted firms starting in November, 2021. The U.S. government s initial blacklist included 31 companies allegedly having ties to China s military and security services.
As per reports, the U.S. officials are also discussing adding other Chinese firms to expand the blacklist. The proposed plan to ban the Chinese majors would prohibit Americans from investing in these companies.