After an abrupt relaxation of strict Covid restrictions was accompanied by widespread confusion and infection, the Chinese economy and society are humming back to life. With a massive tailwind of political will and potential, Hello Group Inc. (MOMO), China Automotive Systems, Inc. (CAAS), and Tarena International, Inc. (TEDU) could be more attractive choices than Alibaba Group Holding Limited (BABA) to give portfolios exposure to a resurgent China.
While the Chinese e-commerce giant surpassed analyst estimates in its recent earnings release, BABA’s China commerce revenue in the last three months of 2022 fell by 1% to the equivalent of $24.64 billion, accounting for 69% of total revenue.
