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Why JD.com Lost 11% in July

TheMotleyFool

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Shares of JD.com (NASDAQ: JD) pulled back last month as the Chinese e-commerce stock got swept up in a broader sell-off of Chinese stocks in response to a government crackdown on tutoring services. The move, which banned education stocks like TAL Education Group and New Oriental Education Group from making a profit, wiped out nearly all of their value, and weighed on other Chinese tech stocks.

According to data from S&P Global Market Intelligence, JD.com finished the month down 11%. As you can see from the chart below, the sell-off came late in the month after the news broke on the Chinese education sector.