4 Reasons I Finally Sold My JD.com Stock
I accumulated a large position in JD.com (NASDAQ: JD), China's largest direct retailer, throughout 2018. I remained bullish on JD over the past three years, even as the stock was rocked by a scandal involving its CEO But I recently sold my entire stake for an average gain of roughly 74%, for four main reasons.
JD is still growing like a weed. Its revenue rose 29% in 2020 and grew 32% year over year in the first half of 2021, and the company ended the second quarter with 531.9 million annual active customers.
Image source: JD.com.
Source Fool.com
