Chinese online and mobile commerce company Alibaba Group beats US on-line retailer Amazon in the last twelve months.
On Wall Street that is.
Alibaba shares have gained 75.18 percent in the past twelve months compared to 26.20 percent of Amazon.
There are a couple of reasons for that. Alibaba shares are trading at a fraction of Amazon’s shares. This means that large percent gains are easy to come by.
Then there’s a strong momentum for Chinese Internet stocks, as evidenced by strong gains in KraneShares SCI China Internet ETF—see table.
