JD.com Stock Forum

Morning mooers! It is Friday, May 17th, the market is open and chugging away, and generally in the positive. My name is Kevin Travers, I work from home on Fridays and order Jersey City bagels, so here are stories moving the market on this beautiful spring bagel day:
Reddit and OpenAI have announced a partnership to bring the social media platform's content to ChatGPT that sent shares of $Reddit soaring 13%.
$GameStop shares tumbled ...

$JD.com(JD.US)$ up up up to $40!

In Jan-Apr, China's total retail sales were recorded at 3.56 trillion yuan, up 2.3%y/y(narrowed).
Retail sales of goods were 3.18 trillion yuan, which rose by 2.0%y/y; (narrowed)
Total revenue for the catering industry was 391.5billion yuan, which rose 4.4%. (narrowed)
$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $JD-SW(09618.HK)$ $JD.com(JD.US)$ $PDD Holdings(PDD.US)$ $Pinduoduo Concept(LIST0724.SH)$ $MEITUAN-W(03690.HK)$ $Meituan ADR(MPNGY.US)$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$

Thanks to the rapid expansion of $JD LOGISTICS(02618.HK)$ and steady growth in JD Retail, $JD.com(JD.US)$ ’s first-quarter revenue and profit both exceeded market expectations, with net profit growing by double digits in percentage terms.
JD.com reported healthy growth in the supermarket category in Q1, with both GMV and revenue increasing by double digits, along with higher order volumes and shoppi...

Retail Sales 2.3% y/y [Est.3.8%]
Industrial Growth 6.7% y/y [Est.5.5%]
Urban Unemployment 5.0% [Prev. 5.2%]
YTD Fixed Asset Investment 4.2% [Prev. 4.6%]
$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $Meituan ADR(MPNGY.US)$ $MEITUAN-W(03690.HK)$ $PDD Holdings(PDD.US)$ $JD.com(JD.US)$ $JD-SW(09618.HK)$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$

$JD-SW(09618.HK)$ 's quarterly results surpassed expectations, opening 1.59% higher at $134.5, but gains soon narrowed. The stock last traded at $133.2, up 0.6%, with 2.5859 million shares traded, worth $345 million.
$JD LOGISTICS(02618.HK)$ swung to profit in 1Q24, opening 3.27% higher and peaking at $10.26. It last advanced 4.49% to $10.24, with 10.2794 million shares traded, worth $104 million.
$JD HEALTH(06618.HK)$ opened ...

Scion Asset Management, managed by Michael Burry, increased its holdings of Chinese large caps, and boosted its stakes in $Alibaba(BABA.US)$ by 67% to 125,000 shares while making $JD.com(JD.US)$ its top holding after boosting its stake by 80%. 
$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $BABA-SW(09988.HK)$ $Hang Seng TECH Index(800700.HK)$ $JD-SW(09618.HK)$

Chinese e-commerce giant $PDD Holdings(PDD.US)$ is set to release its first quarter 2024 financial result on May 22. PDD’s stock has gained 25% over the past months.
● The company is projected to achieve a revenue of 76.56 billion CNY, representing a year-over-year increase of 103.42%.
● Earnings per share are expected to be 10.41 CNY, up 87.61% from the year-ago quarter.
E-Commerce Push for Growth
E-commerce firms, including...

Michael Burry's Scion Asset Management boosted its investments in $JD.com(JD.US)$ and $Alibaba(BABA.US)$ during the first quarter, regulatory filings reveal. JD now holds the top position in Scion's portfolio, while Alibaba is the second-largest, with a $9 million stake following the addition of 50,000 shares. The firm also increased its holdings in $BIDU-SW(09888.HK)$ . 
$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $BABA-SW(09988.HK)$ $Hang Seng TECH Index(800700.HK)$

The market simmered from all-time highs Thursday morning to close lower with 7000 decliners compared to 5900 advancing equities. Still, the $Dow Jones Industrial Average (.DJI.US)$ burst through 40k for the first time, and traded -0.1% at the time of the closing bell.
The $S&P 500 Index (.SPX.US)$ fell 0.21% after hitting an all-time high close Wednesday and setting a new record Thursday morning at 5325.46. The$Nasdaq Composite Index (.IXIC.US)$fe...