Why JD.com Is Your Ticket to Investing in the Growth of E-Commerce in China
JD.com's (NASDAQ: JD) third-quarter earnings announcement surprised investors. The Chinese e-commerce company generated revenue of $12.6 billion, a 39% year-over-year increase that narrowly beat analyst expectations. However, shares initially gained as the company defied Wall Street by posting an unexpected quarterly profit of $147 million in net income from continuing operations.
This continues a great year for the company. As of this writing, shares are up over 50% year to date. However, as long-term investors, we're less worried about the next quarter and more concerned with the next five years and beyond. When viewed from that perspective, JD.com has both company-specific and macro-level drivers that point to decades of growth.
Image source: Getty Images.
Source: Fool.com
JD.com Inc. ADR Stock
With 32 Buy predictions and not a single Sell prediction JD.com Inc. ADR is an absolute favorite of our community.
With a target price of 39 € there is a hugely positive potential of 59.18% for JD.com Inc. ADR compared to the current price of 24.5 €.
