Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
|Bid||346.000 x 0|
|Ask||346.200 x 0|
|Day's Range||343.200 - 347.200|
|52 Week Range||179.600 - 349.600|
|PE Ratio (TTM)||71.08|
|Dividend & Yield||0.08 (0.19%)|
|1y Target Est||N/A|
China’s online juggernauts Alibaba Group Holding and Tencent Holdings are beating Silicon Valley in the race to build mobile-money systems in some of the world’s fastest-growing consumer markets.
Emerging markets may be poised for significant outperformance over the next two years as Chinese internet technology expands to the smartphone and adds payment tools, says Guild Investment Management. Guild, a San Francisco investment advisor, writes in a fresh newsletter that its favorite stocks to play the theme are Alibaba Group Holding (BABA) and Tencent Holdings (0700.HK), but it also suggests playing the theme through the KraneShares CSI China Internet exchange-traded fund (KWEB), with a market value of $1.1 billion. Guild writes: " ... In China’s major cities, cash is disappearing, cards have been leapfrogged, and nearly everyone pays for nearly everything with their smartphone ... as large Chinese tech firms create comprehensive ecosystems ... the most significant pillar of their growth will be in fintech, the intersection of finance and technology.
China’s internet companies touch more aspects of people’s lives than any other sector. But they’re ill-prepared for the expectations of social responsibility that come with their influence and power, say ...