China said on Wednesday that a European Union investigation into Chinese e-commerce giant JD.com constituted "improper extraterritorial jurisdiction" and ordered entities not to implement or assist with the probe.
Qwen is the story of Alibaba's (BABA) growth, says Dave Nicholson of Futurum. He adds that it raises "huge price pressure" concerns for Alphabet (GOOGL) and Meta Platforms (META) as Alibaba's model threatens to take more market share.
Appaloosa Management just walked away from 12 stocks, and the pattern hiding beneath the list suggests David Tepper is betting everything on a very short list of survivors.
JD.com, Inc. (NASDAQ:JD) says its massive artificial intelligence (AI) spending is paying off, offering a rare bright spot as many global corporations struggle to turn AI adoption into bottom-line profits.
JD.com, Inc. remains under pressure as core retail revenue declined 4.7% y/y, mainly due to weak electronics and home appliance sales. Despite margin improvement and a headline earnings beat, JD's retail weakness and China's soft macro environment create a persistent overhang. We maintain a Neutral rating on JD stock: valuation is cheap at 7x forward earnings, supported by a strong net cash position and 5–6% shareholder yield.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
JD.com NASDAQ: JD reported a 2.9% year-over-year decline in second-quarter revenue to RMB 346 billion, as sales of electronics and home appliances faced comparisons against a high prior-year base and pressure from rising upstream component costs. Despite the revenue decline, the company reported stronger profitability, with non-GAAP net income attributable to ordinary shareholders rising 20.8% to RMB 8.9 billion.
JD.com (JD), the Chinese e-commerce and supply-chain giant, reported a quarter with one ugly number and several surprisingly good ones. Revenue fell 2.9% to RMB