Why JD.com Stock Tumbled Today
Shares of JD.com (NASDAQ: JD), China's largest online retailer, were falling today on seemingly no company-specific news. Investors may be concerned about increased regulation in China for technology stocks, as well as other industries.
JD.com's share price had fallen 5% as of 3:03 p.m. EDT.
Investors of China-based companies have been on a wild ride over the past several weeks as the Chinese government has announced sweeping changes across several industries. Technology companies have faced the brunt of new regulations in the country recently.
Source Fool.com
