Motley Fool

Cathie Wood Buys the China Dip With This E-Commerce Stock

In fact, JD’s results were so good that ARK Invest CEO Cathie Wood, after selling her Chinese stocks earlier this year, bought some shares following the company’s second-quarter earnings report. While new regulations may temporarily affect the revenue and earnings of many internet and e-commerce companies, JD.com doesn’t see these new measures affecting its business very much. In the second quarter, JD’s net revenue increased 26.2% to $39.3 billion, which was especially impressive since the company was lapping a strong quarter last year during the onset of the pandemic.

LEAVE A REPLY

Please enter your comment!
Please enter your name here