You thought Chinese tech/communication services would rise just because the calendar changed to 2024?
$JD.com(JD)$ is first spinning off its legs, arms, and later fingers and toes to be independent public traded companies, but much weaker companies. It is a completely wrong and stupid approach. Don’t understand why the management of JD are so hungry of turn its assets into cash.
Looking at truly strong companies, Apple, Amazon, Microsoft, etc…, they are not spinning off their iphone business, ipad business, mac business, pay business, Amazon shipping, Amazon cloud, microsoft office into different companies to lose the synergy of a large company.
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