There’s no abstinent it. The accomplished few weeks accept been absolutely boxy ones for JD.com (NASDAQ:JD) and its shareholders. JD banal is off 44% from its June peak, with the latest bit of that selloff apprenticed by allegations that CEO Liu Qiangdong, additionally accepted as Richard Liu, ually assaulted a woman in Minneapolis beneath than a ages ago. True or not, that accusation has underscored addition afflictive absoluteness for JD: Liu has no bright successor.
There are banned though, and while abounding Chinese stocks — and the country’s internet stocks in authentic — accept been beneath abundant blaze of late, JD.com banal may be a if not at a aloft bottom. This may be one of those falling knifes account aggravating to catch.
For the unfamiliar, JD.com is affiliated to U.S.-based e-commerce behemothic Amazon.com (NASDAQ:AMZN) and its Chinese analogue Alibaba (NYSE:BABA). That is, admitting JD banal is categorized as an e-commerce name, it operates abounding ventures, all in an accomplishment to body its own ecosystem of customers. Admitting it’s got a admirable presence, it plays a (distant) additional dabble to Alibaba in its home market.
The abate admeasurement isn’t what’s apparitional JD stockholders of backward though; best investors admit all things are relative.
Rather, the acumen the accusations
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