seekingalpha.com/article/4179714-jd-much
"...The Financial Times reported that JD would roll out in France, the UK and Germany. Investors took this as bad new, for a double reason.
The first one is that a lot of investors are in awe for Amazon (AMZN). And it is a fantastic company with a huge moat. But sometimes investors and pundits overreact to the big bad wolf of retail. They are afraid that going into competition with Amazon is impossible..The second and more obvious reason is of course that investors realized immediately that the expansion into Europe would cost a lot of money, especially because of the competition with Amazon and the investment in warehousing and delivery. So over the short term, this is bad for the earnings of JD....
'Richard Qiangdong Liu lowers its passive stake in JD'. First and for all, if you wouldn't know, Richard Liu is the founder and CEO of JD.com, so why call him 'investor'? And why 'passive stake'? ..
What was really going on? To find out, you had to read Form SC 13G/A, Amended Statement of Ownership. It states that Fortune Rising Holdings Limited has sold shares. The voting power for this company is in the hands of Richard Liu. But what is Fortune Rising Holdings Limited?...This is just a formula for stock-based compensation for executives excluding Richard Liu. But there was a negative buzz around the stock now..."