3 Red Flags for JD.com's Future
JD.com (NASDAQ: JD), the largest direct retailer in China, lost more than 20% of its stock value this year as regulatory headwinds rattled Chinese tech stocks. However, JD still fared much better than its chief e-commerce competitors Alibaba (NYSE: BABA) and Pinduoduo (NASDAQ: PDD), which shed roughly 50% and 70% of their market values, respectively, this year.
JD was considered a safer bet on China's e-commerce market because it wasn't hit by a lengthy antitrust probe like Alibaba. It also didn't commit to spend all of its near-term profits on China's government-mandated "common prosperity" measures, as Pinduoduo pledged to do earlier this year.
Image source: JD.com.
Source Fool.com
