Today’s Research Reports on Stocks to Watch: Sogou Inc. and JD.com

NEW YORK, NY / ACCESSWIRE / June 5, 2018 / Shares of Chinese stocks Sogou Inc. and JD.com saw gains in Monday trading despite either company releasing news to explain the unusual gains. It may have been Deutsche Bank strategist Will Stephens arguing that Chinese stocks are attractive right now that helped both stocks see a boost.

RDI Initiates Coverage on:

Sogou Inc.
https://rdinvesting.com/news/?ticker=SOGO

JD.com, Inc.
https://rdinvesting.com/news/?ticker=JD

Sogou Inc. shares closed up 13.22% on almost 8 million shares traded yesterday. There was no specific news to drive shares higher on Monday. It was at the end of April that the leader in China’s internet industry had beat expectations in revenue and earnings in its first quarter report. Total revenues for the quarter were $248.4 million, a 53% increase year-over-year. Net income attributable to the company was $15.3 million, a 25% increase year-over-year. CEO Xiaochuan Wang stated, “We continued to make progress with our ‘twin-engine’ growth strategy, centered on core search and mobile keyboard. We posted healthy business growth with core search revenues growing more than 50% year-on-year, as we expanded our unique content in key verticals such as healthcare and education, further differentiating our search services. Sogou Mobile Keyboard continued to gain traction through the quarter with the addition of a further 30 million daily active users, taking the total DAU to 362 million, each of whom spends an average of one hour a day using the app. This creates a solid foundation for us to provide the information and services that our users value.” The company also announced in the middle of last month that the Sogou Smart Recording Translator, an artificial intelligence powered, portable translation device, was available for purchase. The Sogou Smart Recording Translator logged over 110,000 in pre-orders between May 8-15.

Access RDI’s Sogou Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SOGO

JD.com, Inc. shares were up 5.74% at the end of the trading day on Monday. The stock traded about 20 million shares compared to an average of nearly 12.7 million shares despite any catalyst to warrant the bump. Nikkei Asian Review has recently written that JD.com, the second largest e-commerce company in China, will be opening 1,000 restaurants that are completely staffed by robots by the year 2020. No location has been disclosed yet, but the first of the robot staffed restaurants will open in August. Recently the company also announced that renowned accounting professor and associate dean at China Europe International Business School, Professor Dingbo Xu, was elected to serve on the audit committee of JD.com’s board of directors and as the chairperson of the board’s nominating and corporate governance committee, effective immediately.

Access RDI’s JD.com, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JD

Our Actionable Research on Sogou Inc. (NYSE: SOGO) and JD.com, Inc. (NASDAQ: JD) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com

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