China e-commerce: the evolving opportunities

New ways of shopping in China have been accelerated by the pandemic. Our 4Factor team takes a deeper dive into these trends and the fundamentals of companies competing for share in the world’s largest e-commerce market.

Jul 6, 2021

16 minutes

4Factor Team
New ways of shopping in China have been accelerated by the pandemic. Our 4Factor team takes a deeper dive into these trends and the fundamentals of companies competing for share in the world’s largest e-commerce market.
4Factor Team
Focusing on the trends that are driving portfolios, our latest podcast analyses the Chinese e-commerce sector.

The competitive environment is intensifying with the disruptors themselves becoming disrupted. After the sector’s long run of success, investor preconceptions on barriers, network effects and incumbency benefits now need to be re-evaluated.

Host: Greg Kuhnert, Co-Head of 4Factor
In conversation with:
Varun Laijawalla, Emerging Markets Equity Assistant Portfolio Manager
Niall Hartnett, Analyst 
Anindita Nag, Analyst.

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General risks

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Important information

This is a marketing communication for institutional investors and financial advisors only and should not be construed as an offer, or solicitation of an offer, to buy or sell securities. All of the views expressed about the markets, securities or companies reflect the personal views of the individual fund manager (or team) named. While opinions stated are honestly held, they are not guarantees and should not be relied on. Ninety One in the normal course of its activities as an international investment manager may already hold or intend to purchase or sell the stocks mentioned on behalf of its clients. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This content may contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Actual outcomes may differ materially from those stated herein. In South Africa, Ninety One Limited is an authorised financial services provider.

Specific Portfolio Names
References to particular investments or strategies are for illustrative purposes only and should not be seen as a buy, sell or hold recommendation.

Stocks held in 4Factor portfolios: Alibaba, Amazon, eBay, Meituan, PayPal, Facebook, Tencent.

Stocks not held in 4Factor portfolios: Pinduoduo, Twitter, JD.com (sold across most of the 4Factor portfolios where held in Q2).