2024-03-23 08:10:08 ET
Summary
- JD.com's stock price has reached multi-year lows amidst the oversold Chinese stock market.
- JD.com reported improved financial results in its recent earnings report for Q4 2023 and full-year 2023.
- The company achieved new records in transaction value and order volume during the 2023 JD Singles Day Grand Promotion.
- There are numerous competitive pressures, while the economic downturn in China may worsen.
A lot has happened since my last article on JD.com ( JD ). The whole Chinese stock market seems to be oversold right now. Also, JD.com's shares are trading at multi-year lows. In this article, I would like to update my analysis of this Chinese e-commerce player and also clarify my position on this company.
My previous article on JD.com
In my previous article , I compared JD.com to Alibaba ( BABA ). The latter seemed to be better value for money than the former due to Alibaba's better profitability and efficiency indicators, as well as its lower valuations....
Read the full article on Seeking Alpha
For further details see:
JD.com: Stock Is Cheap In Spite Of Sound 2023 Earnings (Rating Upgrade)