If you want to gain market share in a newly encroached area that you are entering, sometimes, having hoards of cash in your balance sheet helps. That is the case for JD.com who has recently entered into the food delivery business in China, competing with the likes of market leader, Meituan and Alibaba.
The recent financials has been encouraging though I am concerned what happens when the stimulus package by the government ceases? The additional spending by consumers for electronic appliances which JD.com is famous for, would this come to a dismal ending once the government handouts ceased?
Many analysts predict a profit target of 50 but I am more optimistic as I feel it has much more legs to go up.
As usual, please DYODD
The recent financials has been encouraging though I am concerned what happens when the stimulus package by the government ceases? The additional spending by consumers for electronic appliances which JD.com is famous for, would this come to a dismal ending once the government handouts ceased?
Many analysts predict a profit target of 50 but I am more optimistic as I feel it has much more legs to go up.
As usual, please DYODD
註釋
yawning......
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