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

JD.Com: Market Concerns on Profitability Overdone

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

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Equity Bottom-Up

We believe JD.com is set for further gains. The company aims to grow at 2x the market rate and currently is exceeding this comfortably. The strong relationship with Tencent is helping to drive the business and is benefiting both parties.JD.com relies on its warehousing capacity to offer value to merchants. Speed to delivery is a key advantage as JD.com has been investing in warehousing an d logistics for over 5 years.The key measures to watch going forward will be growth in GMV and a move to positive Ebitda margins from 2015. There have been concerns at the distance to profitability but we believe JD.com is building a strong sustainable business and will eventually generate significant profits.&nbsp;

We believe JD.com is set for further gains. The company aims to grow at 2x the market rate and currently is exceeding this comfortably. The strong relationship with Tencent is helping to drive the business and is benefiting both parties.JD.com relies on its warehousing capacity to offer value to merchants. Speed to delivery is a key advantage as JD.com has been investing in warehousing an d logistics for over 5 years.The key measures to watch going forward will be growth in GMV and a move to positive Ebitda margins from 2015. There have been concerns at the distance to profitability but we believe JD.com is building a strong sustainable business and will eventually generate significant profits.&nbsp;

JD.com Inc (ADR)

JD.com: Internet Growth Powerhouse