Being No. 2
Consider that BABA is an online marketplace, whereas JD generally holds inventory, kind of like what Amazon.com, Inc. (NASDAQ:AMZN) does.
Regardless, it is really a mistake to overlook JD stock. As InvestorPlace’s Vince Martin has noted: “JD.com is
#2 in one of the world’s best markets. It’s taking share in that market. It may not catch Alibaba, but its valuation is roughly one-ninth that of its larger rival.”
The latest earnings report certainly highlights this. Revenues jumped by 39% to $12.58 billion and the adjusted earnings came to 23 cents a share. The Street, on the other hand, was looking for revenues of $15.25 billion and earnings of 10 cents a share.
Something else: The consensus price target on JD stock is roughly $50, which implies a 25% return at the current price....JD.com has important deals with other notable Chinese operators like Baidu Inc (ADR)(NASDAQ:BIDU), NetEase Inc (ADR) (NASDAQ:NTES), Qihoo 360 Technology Co Ltd (NYSE:QIHU) and Sogou Inc (NYSE:SOGO) too.
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