Tag Archives: JD

JD.com (JD), mcap=$92bn, price $59.35 vs $63.00

China’s largest online retailer with $500bn in GMV.
In a way China’s $AMZN.
30% market share in B2C retail eCommerce.
Healthy and cash-generative business, but with very thin margins.
True cash earnings power is not accurately reflected due to continued investment in the business flywheel (scale, more affordable drives, faster deliveries, wider product selection).
Sold off due to concerns about China’s government’s treatment of leading enterprises.