Why JD.com Stock Was Climbing Today
Shares of JD.com (NASDAQ: JD) were moving higher today after the Chinese e-commerce company delivered better-than-expected results in its fourth-quarter earnings report.
The quarter showed that JD is still struggling in an increasingly competitive environment where the Chinese consumer is weak, but its revenue growth accelerated modestly from the third quarter, and some of its recent strategic changes seem to be yielding results.
As of 10:53 a.m. ET, the stock was up 18.6% on the news.
Source Fool.com
