UPDATE: Morgan Stanley Downgrades JD.com (JD) to Equalweight
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JD (JD) Declines After Alibaba (BABA), Suning Enter Strategic Alliance
August 10, 2015 11:13 AM EDTJD.com (NASDAQ: JD) declined Monday, falling 5% intraday after Alibaba (NYSE: BABA) said it will invest approximately RMB28.3 billion (US$4.63 billion) for a 19.99% stake in Suning, one of the largest consumer electronics retail chains in China.
Commenting on the development, analyst Alan Hellawell III of Deutsche Bank said, "The... More
JD.com (JD) Tops Q2 EPS by 10c
August 7, 2015 6:15 AM EDTJD.com (NASDAQ: JD) reported Q2 EPS of (RMB0.01), RMB0.10 better than the analyst estimate of (RMB0.11). Revenue for the quarter came in at RMB45.9 billion versus the consensus estimate of RMB44.46 billion.
Third Quarter 2015 Guidance
Net revenues for... More
