3 Quotes That Show Why JD.com Is the Next Amazon
They say lightning never strikes twice, but investors don't seem to believe it.
Amazon (NASDAQ: AMZN), for instance, frequently draws comparisons from companies looking to grab a piece of the same rocket ship that's taken the e-commerce giant to a nearly $2 trillion valuation, but no other company deserves the title of the next Amazon more than JD.com (NASDAQ: JD), China's biggest direct online seller. Like Amazon, JD operates as both a first-party e-commerce company and a third-party marketplace. JD has also distinguished itself with its logistics investments and a far-reaching delivery network that carries packages for both JD and third-party shippers.
Finally, JD consistently puts up strong growth numbers, with revenue rising 29.2% in its most recent quarter, and, like Amazon, is focused on penetrating a huge market. The company's recent earnings call brings home how much JD resembles Amazon at an earlier stage. Keep reading to see three JD quotes that could have come directly from Amazon.
Source Fool.com
