29 days ago • Posted by William Ramstein
JD.com slides as spending on logistics and operations are expected to stay high.
JD.com Inc. slid Friday after the Chinese online retail giant flagged to investors it may sustain spending on logistics and new initiatives to continue riding the country’s online commerce boom. The company reported a higher-than-expected 31% jump in December quarter revenue. The strong results means JD has a “strong foundation for investments in a range of growth opportunity,” Chief Financial Officer Sandy Ran Xu told analysts on Thursday. JD.com remains ahead of Alibaba in percentage returns this year as seen in the graph. Source: Bloomberg