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Pinduoduo (NASDAQ: PDD) CEO Colin Huang recently stepped down and handed the reins over to his chief technology officer Chen Lei. Chen, who co-founded Pinduoduo with Huang in 2015, has held the CTO title since 2016. Huang claims Chen was "instrumental to Pinduoduo's growth," and that h...
SINA 's (NASDAQ: SINA) stock surged 10% on July 6 after the Chinese tech company received a go-private offer from New Wave MMXV, a British Virgin Islands-based company controlled by SINA's own CEO Charles Chao. New Wave already held a 55.5% voting stake in SINA after a share subscription agre...
Should We Invest In Asian Tech Stocks Right Now? Tech stocks have been on one massive rally this year. The technology sector has performed remarkably well despite the pandemic. The strong performance can be reflected from the impressive run in Nasdaq Composite this year, up 26% year to dat...
The S&P 500 has recouped nearly all its losses since March, when fears about COVID-19 crushed the market, and is once again approaching its historic highs. That exuberance -- which might seem irrational amid a second wave of infections, a high unemployment rate, civil unrest, and a trade w...
Investment Thesis JD.com ( JD ) appears expensive on the surface, as it trades for 32 times forward earnings. But underneath this seemingly large multiple is a company that is growing at a steady clip on the top-line, and an even faster clip on the bottom line. JD.com is a very wel...
Shares of JD.com (NASDAQ: JD) gained 10.8% in June, according to data from S&P Global Market Intelligence . The Chinese e-commerce stock gained ground following its public listing on the Stock Exchange of Hong Kong (SEHK), encouraging data for the online retail industry, and favorable c...
Ali Baba (BABA), Pinduoduo (PDD), and JD.com (JD) are experiencing explosive growth and look ready to move higher. China has been in a vigorous fight against the coronavirus and pioneered social distancing and quarantine measures. It’s also tracing contacts of anyone infected, aggre...
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China may be experiencing a second outbreak of COVID-19 after over 180 people fell ill after coming in contact with a market in Beijing. Authorities have declared a level 2 emergency response level, canceled flights, and closed off several communities near the epicenter of the outbreak. While i...
Advertisers are increasingly skeptical of the freewheeling practices of US social media giants, with a growing number stopping spending on Facebook (NASDAQ: FB ) ads, and other popular platforms like Twitter (NYSE: TWTR ). More news on: Facebook, Inc., Twitter, Inc., SPDR S&...
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2024-04-19 11:00:03 ET Eddy Wang from Morgan Stanley issued a price target of $25.00 for JD on 2024-04-19 08:41:00. The adjusted price target was set to $25.00. At the time of the announcement, JD was trading at $25.01. The overall price target consensus is at $93.46 wit...
BEIJING, April 18, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that, during the quarter ended March 31...
BEIJING, April 18, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it filed its annual report on Form...