JD.com: The wave “v” should still come at USD 90+xxx

JD.com is a Chinese online mail order company, the largest retailer in China, a member of the NASDAQ 100 and a Fortune Global 500 company. JD.com operates the online trading platform of the same name, was founded in 1998 as JD Multimedia by Richard Liu (Liu Qiangdong) and went online in 2004 under the name JD.com.

The platform offers products in almost all areas of the consumer goods industry: Including in the fields of telephony and computers including accessories as well as other electronic devices; clothing, shoes and bags; garden and home; jewelry and watches. JD also sells sporting goods, beauty products, toys and automotive accessories.

Utilizing its AI technologies, the Group also offers a variety of marketing services to its business partners. By leveraging its nationwide fulfillment infrastructure, the Group is also active in integrated supply chain solutions and logistics services, which primarily include warehousing and distribution services, express and freight services and other value-added services for third parties. The company operates several hundred warehouses and has several thousand delivery and pick-up stations throughout China.

global.jd.com

JD.com has been one of our favorite stocks for quite some time. Here are some of the reasons:

• Operates mainly in China (growth market)
• Major shareholder of the e-commerce platform Tiki since 2018
• Cooperation with Netease and WeChat
• Increased focus on the luxury goods segment
• Leads a shadowy existence compared to Alibaba (higher potential)
• Slipped dynamically into the profit zone in 2019
• Strongly increasing sales figures

According to the EW theory, we are in a wave “iv”, which may correct a little further. After that, new all-time highs should be possible in the coming months.