Why JD.com Stock Was Tumbling Today
Shares of JD.com (NASDAQ: JD) were falling today after the Chinese e-commerce giant reported fourth-quarter earnings this morning. Though the results were solid overall, revenue growth dropped to its slowest pace in six quarters, and broader fears about slowing economic growth in China seemed to weigh on the stock.
Additionally, a prospective delisting announcement for five Chinese stocks seems to have spooked the market as well, as peers like Alibaba Group Holding and Pinduoduo are also down sharply today.
As of 11:50 a.m. ET on Thursday, JD.com stock was down 15.8%.
Source Fool.com
