JD.com Stock Is Jumping after earnings
Shares of Chinese e-commerce giant JD.com jumped in early trading on Tuesday after the company reported second-quarter earnings that crushed analyst expectations.
The back story. Chinese companies have been under pressure as the country’s economic growth slows and a trade war with the U.S. escalates. But not all of them need to worry. The country’s massive middle class with its rising disposable income is driving solid growth in consumer-facing businesses such as e-commerce.
Reported by Barrons