Jim Cramer: Chinese Consumer Is Alive and Well
Jim Cramer said Alibaba's surge in fourth quarter revenue shows consumer strength in China.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Alibaba's (BABA) - Get Report surge in fourth quarter revenue shows consumer strength in China. 'It fits my thesis that the Chinese consumer is alive and well,' Cramer said, adding that Apple's (AAPL) - Get Report iPhone SE is selling well in China and that Starbucks (SBUX) - Get Report and Nike (NKE) - Get Report are also seeing strength in China.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
