Why JD.com Stock Followed Alibaba Lower Today
Shares of JD.com (NASDAQ: JD), the Chinese e-commerce giant, were falling again today. This time, it was in response to a disappointing earnings report from Alibaba (NYSE: BABA), its close competitor and peer.
As of 1:19 p.m. ET, JD stock was down 4.5%, while Alibaba stock had fallen 6.4%.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€69.20
-0.570%
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