KUASF - JD.COM Got Soaking Wet From Alibaba's Thunderstorm

• BABA stock saw a pop even as most other Chinese internet stocks declined with market players wondering who's next on the chopping board.
• The blowup of Archegos weighed on sentiment. Huge blocks of shares were peddled at significant discounts, tempting fund managers to sell other holdings to grab what's on offer instead.
• ByteDance's speculated IPO could also lead to investors paring Chinese internet stocks to raise funds for the anticipated massively oversubscribed application.
• The regulators continued to bare their teeth, leaving market players baffled whether the companies would comply and be hobbled or remain status quo to survive the competition but suffer penalties.
• With JD.COM's business drawing parallels with Alibaba, it is finding itself suffering from the same heightened regulatory scrutiny on its fintech and e-commerce operations.

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