TCTZF - JD.Com Follows Tencent South Despite Bullish Developments
- Chinese equities declined despite positive surprises on key economic data releases.
- Tencent is in a triple whammy, finding itself next in the crosshair of Chinese regulators as well as being sold down by ARK Invest and Mainlanders.
- JD ended the week in the red despite fabulous Q4 results and purchases by ARK Invest.
- I elaborate on the impetus for the spinoff of JD Logistics.
- A late week bullish scoop by Reuters on JD's potential acquisition of a stock broker had the opposite effect on the share price.
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JD.Com Follows Tencent South Despite Bullish Developments