2 Ways JD.com Can Grow Its Business In 2021
JD.com (NASDAQ: JD), China's biggest retailer by revenue, is riding high -- and for good reason.
Shares are near record levels, buoyed by JD's stellar growth in the first nine months of 2020. Revenue and net profit rose 28% and 200%, respectively, as stay-at-home shoppers bought more online goods and as JD grew its services business, which includes logistics services for third-party customers.
That's pretty impressive, especially when you consider these factors: we're living in a global recession due to COVID-19, and there's an ongoing U.S.-China trade war that's shown no signs of stopping. For investors, the question is: What's next? Can JD sustain its strong growth trajectory into 2021?
Source Fool.com
