JD is finally executing on the low-price strategy that Pinduoduo forced on them, with both GMV and profitability now improving. Logistics business (JD Logistics) reaching scale economics. Massive buyback authorization and improving capital returns. Domestic consumption stimulus a tailwind. Trades at 8x earnings ex-cash.
Thesis reviewed May 29, 2026
JD.com Inc is headquartered in China, which is currently showing moderate signals.
🇨🇳China69NEUTRALView China risk detail →🛍Consumer22NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| NIO | NIO Inc | 27 | -10% | ↑2% | AVOID |
| PDD | PDD Holdings Inc | 27 | -4% | ↑2% | AVOID |
| LI | Li Auto Inc | 27 | +7% | ↑2% | NEUTRAL |
| JD | JD.com Inc | 27 | +13% | ↑2% | EARLY |
| DEO | Diageo PLC | 27 | +8% | ↑2% | NEUTRAL |
| ULVR.L | Unilever | 27 | — | ↑2% | NEUTRAL |
| BTI | British American Tobacco PLC | 27 | +14% | ↑2% | EARLY |
Investors who hold JD may also have indirect exposure through these country funds.
JD Q4 GMV +14% YoY led by electronics and appliances trade-in stimulus
$5B incremental buyback announced
JD Logistics achieves first full-year profitability
Estimates · Yahoo Finance · Not audited figures