Why JD.com Stock Is Rising Today
Shares of JD.com (NASDAQ: JD) were rising today, likely after the China-based e-commerce company indicated that it might expand into the food delivery business.
JD.com's stock rose by as much as 8.7% and was up by 3.7% as of 12:07 p.m. ET on Friday.
In an interview with Bloomberg News, the chief executive of JD Retail, Xin Lijun, said that his company was considering moving into the meal delivery business. The company could reportedly use its Dada Nexus logistics affiliate, which it currently uses for some of its e-commerce deliveries.
Source Fool.com
