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Analyst

Steve

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jd-com-inc-adr" target="_blank" data-smartkarma-citation="entities:446:1" rel="noopener">JD.com Inc (ADR) (JD US)</a> reported a set of better-than-expected 4Q23 results yesterday, as the ADR rose 16% last night in US trading session. </li>
<li>The improvement in net profit margin showed that being more price competitive did not lead to lower margins. </li>
<li>I believe the key takeaway, aside from the resilient 4Q23 results and solid 2024 outlook, is the much improved shareholder return measures.</li>
</ul>



JD.com Inc (ADR) (JD US) reported a set of better-than-expected 4Q23 results yesterday, as the ADR rose 16% last night in US trading session. 
The improvement in net profit margin showed that being more price competitive did not lead to lower margins. 
I believe the key takeaway, aside from the resilient 4Q23 results and solid 2024 outlook, is the much improved shareholder return measures.


JD.com (JD US):  Improved Shareholder Return Is Key