Chinese internet companies like JD.Com have been getting negative moves because of regulation. You know me if you read my blog, it’s exactly the type of play I like.
From their website:-
JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue.
JD.com sets the standard for online shopping through its commitment to quality, authenticity, and its vast product offering covering everything from fresh food and apparel to electronics and cosmetics. Its unrivalled nationwide fulfilment network provides standard same- and next-day delivery covering a population of more than 1 billion – a level of service and speed that is unmatched globally.
Customers in China recognize that the JD.com brand guarantees quality. JD.com takes a strict zero-tolerance approach to counterfeits to ensure that only the highest quality, genuine products reach JD.com’s customers. The company combines its business model of direct sales, where it controls the entire supply chain, with a marketplace that limits the number of sellers, to ensure that it can maintain strict quality oversight. This is combined with a variety of monitoring methods that identify any suspicious products or sellers.
JD.com is the partner of choice for local and global brands who want to reach Chinese consumers online and provides a full suite of services to assist companies to reach Chinese consumers, including marketing, consumer targeting and big data-driven analytics, logistics and warehousing, and financing.
As a technology-driven company, JD.com builds reliable and scalable platforms that bring value to partners and customers in sectors such as e-commerce, logistics, Internet finance, cloud computing and smart technology.
The company was founded in 2004 in Beijing by CEO, Richard Liu.
As you know I’m already in a buy on ALIBABA also suffering the same troubles with regulation and government threats.
Note the similarities between the charts! Both bearish moves but now consolidation, I’m feeling like the break up should come soon.
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