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Is JD.com a Good Chinese E-Commerce Stock to Buy? -Breaking

by Mike Robinson

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© Reuters. JD.com: Is it a great Chinese E-Commerce stock to buy?

After beating the Street’s estimates of revenues and earnings for its third quarter, Chinese ecommerce firm JD.com received several price target upgrade from analysts. The company reported results on November 18th. But can the stock live up to analysts’ expectations given the overall weakness in the company’ financials? Let’s find out.JD.com, Inc. (JD) is one of China’s two largest B2C online retailers by trading volume and revenue. This Beijing-based business was placed at #59 on the Fortune Global 500 List, which was published on August 2, 2021. That’s an increase of 43 places over last year. In addition, the stock has gained 5.6% in price over the past month to close yesterday’s trading session at $87.71. JD also saw a rise in analyst price targets following the release of better-than-expected results for its third quarter on November 18.

JD’s shares may have also gained because the company did not provide guidance in its latest earnings report, while its competitor, Alibaba (NYSE:) Group Holding Limited, (BABA), gave weaker than expected guidance for fiscal 2022.

This month, JD was fined by China’s State Administration for Market Regulation for “failing to declare illegal implementation of operating concentration.” Also, JD warned that slowing consumption amid higher input costs could hurt business in the second half of its fiscal year. The near-term outlook for JD is grim.

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