$JD.com(JD)$ plunged over 8% yesterday, driven by institutional downgrades and target price cuts. Their main concern is the possibility of negative growth in core retail sales in Q3.Why negative growth in retail?1. Weakening overall domestic CPI and deteriorating economic conditions. JD's sales revenue is directly recorded, so price changes have a significant impact on revenue. Unlike $Alibaba(BABA)$ and $Pinduoduo Inc.(PDD)$, who record "service fees," such as commissions, as revenue, so their revenue is not sensitive to CPI.2. Weak growth in JD's retail advantages. The market share of 3C products is relatively saturated, and growth is limited. Sales of products li
How do you view China stock rebound?
Chinese stocks advanced after a report saying Beijing is planning further support for the nation's economy. Bilibili surged 8%; Pinduoduo rose to $109; Alibaba added 3%. --------------- How do you view the rebound? Do you think the rally can be sustained? What's your target price?
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