Analyst maintained Buy rating, lowered price target for Alibaba. Q4 revenue missed estimates due to divestitures, but strong growth in core commerce and Cloud.
'The Big Short' famed investor Michael Burry, who accurately predicted the 2008 housing market crash, has turned bearish on most equities while doubling his stake in cosmetics giant Estée Lauder Companies Inc. during the first quarter, according to 13F regulatory filings with the Securities and Exchange Commission on Thursday.
JD.COM (NASDAQ:JD) appears undervalued with strong profitability, stable financial health, and solid growth prospects, making it a potential candidate for value investors.
Chinese e-commerce company, JD.com Inc. is shaking up China's food delivery market with its bold zero-commission model, while taking aim at the global meal delivery scene as well.
JD.com reported $41.5B revenue in Q1, up 15.8% from last year. Net income per ADS was $1.16, beating analysts' estimate. Stock price decreased after report.
Alibaba and JD.com are pouring billions into ultra-fast delivery and steep discounts—like nearly free coffee—to win over cost-conscious Chinese consumers as traditional e-commerce growth slows.
