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

NEW YORK, NY / ACCESSWIRE / January 29, 2018 / It was a day of gains for Chinese companies Alibaba Group Holding and JD.com on Friday. Alibaba Group could soon be seeing a partnership with Kroger according to a New York Post article and it’s been reported that JD.com will be entering the U.S. this year which could create a challenge for Amazon.

RDI Initiates Coverage on:

Alibaba Group Holding Limited
https://rdinvesting.com/news/?ticker=BABA

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

Alibaba Group Holding Limited shares closed up 3.47% on nearly 23.8 million shares traded with a new high of $205.23 hit during intra-day trading on Friday. There have been several encouraging developments going on with the Chinese multinational e-commerce, retail, Internet, AI and technology conglomerate. It was last week that the New York Post revealed that there could be a potential partnership between Alibaba Group and Kroger Co., the largest grocery store chain in America. It was also last week that analysts at Oppenheimer, led by Jason Helfstein, praised the company and said that new retail “should generate significant revenue for Alibaba’s retail business, providing upselling opportunities.” He also wrote, “Growth will be fueled by Alibaba’s improving personalization in e-commerce through data-driven AI and media integration, continued adoption of Alibaba Cloud and greater physical store exposure.”

Access RDI’s Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA

JD.com, Inc. shares closed up 6.59% on almost 26 million shares this past Friday with the stock skyrocketing to a new high of $50.55 during intra-day trading. It was revealed last week that China-based JD.com is preparing to enter the U.S. by the end of this year according to a Bloomberg News report. A spokesman for JD.com told Reuters, “Southeast Asia is our international focus for now, with the U.S. being a longer-term aspiration. We are considering different options, but any near-term efforts in the U.S. would likely look at partnership models.” Traders were excited as a move like this could mean big competition for Alibaba and Amazon.com. The company has said it would start online sales in the U.S. by the second half of this year as it is currently seeking funds to bankroll a logistics build-up that could support expanding internationally. The company is also in discussions to sell 15% of its logistics arm to China’s Tencent Holdings Ltd. as well as other investors.

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

Our Actionable Research on Alibaba Group Holding Limited (NYSE: BABA) and JD.com, Inc. (NASDAQ: JD) can be downloaded free of charge at Research Driven Investing.

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