JD.com Inc ADR

JD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.00	Rjb	Hrhnkkmrt

Whether JD's New Low Price Strategy and Organizational Change Will Be Successful Is Uncertain

Chelsey Tam

Apr 14, 2023

Business Strategy and Outlook

JD.com has emerged as a leading disruptive force in China's retail industry by offering authentic products online at competitive prices with speedy and high-quality delivery service. JD’s mobile shopping market share has increased from 21% in 2016 to 27% in 2020 on our estimate. JD adopted an asset-heavy model with self-owned inventory and self-built logistics, while Alibaba has more of an asset-light model.

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