JD.com

We have written extensively in the past on the Chinese ecommerce business JD.com. The share has sold off on growth concerns due to increased competition and a lacklustre consumer spending environment within China. In response, JD.com has renewed its focus on offering low prices every day to compete more effectively. The business also focuses on expanding its product assortment by growing third-party merchants selling on its platform. We think JD.com will successfully execute these strategies with the growth slowdown proving cyclical instead of structural. In our view, JD.com remains a highly compelling investment.

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