Shares of JD.com (NASDAQ: JD) retreated on Monday after economic data out of China heightened investors' concerns that COVID-19 is taking a toll on the country's retail industry. By the close of trading, JD.com's stock price was down more than 4%.
China's retail sales grew by 8.5% year over year in July. Although that would be an impressive pace of expansion for most economies, it was below the 11.5% growth analysts had expected.
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Source Fool.com