JD.Com: Weaker Sales Growth but More Focus on Profitability

JD.Com: Market Concerns on Profitability Overdone

JD.com: Strong Revenue Growth, Rising Margins and More to Come.

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Equity Bottom-Up

<p>After the controversy surrounding JD.Com apparent cut in guidance earlier in the quarter, it was good to see JD posting 2Q16 results in line with NSR and consensus expectations. Top line growth of 42% was a slowdown from previous quarters (Q1 +47%; Q4 +57%) but is still pretty strong. Near term guidance for top line growth is 34-38% for 3Q; that barely meets expectations but has not stopped the stock continuing to stage a recovery. We see revenue growth slowing but this is now well understood…</p>

After the controversy surrounding JD.Com apparent cut in guidance earlier in the quarter, it was good to see JD posting 2Q16 results in line with NSR and consensus expectations. Top line growth of 42% was a slowdown from previous quarters (Q1 +47%; Q4 +57%) but is still pretty strong. Near term guidance for top line growth is 34-38% for 3Q; that barely meets expectations but has not stopped the stock continuing to stage a recovery. We see revenue growth slowing but this is now well understood…

JD.Com Delivers Cleaner Growth Message in 2Q16 Results.

JD.com Inc (ADR)

JD.Com Delivers Cleaner Growth Message in 2Q16 Results.