There are two concerns surrounding China's second-largest e-commerce platform, JD.com (NASDAQ: JD): China's slowing economy and a regulatory crackdown on tech stocks and their CEOs by Beijing. Online sales in China rose 4.4% in July, which was far lower than expected and largely due to the June 618 sales event pulling sales forward. A sister promotion to the annual 11-11 shopping extravaganza Alibaba (NYSE: BABA) launched several years ago, the June event generated $136.5 billion in sales between Alibaba and JD. Read More...
Motley Fool
Is Bilibili Stock a Buy?
Bilibili’s (NASDAQ: BILI) stock price slumped to its lowest levels this year after the Chinese tech company posted its second-quarter earnings on Thursday, Aug. 19. For the third quarter, Bilibili expects its revenue to rise 58%-61% year over year. In the first half of 2021, Bilibili generated 29% of its revenue from mobile games, 37% from value-added services (VAS) like virtual gifts for video broadcasters and media subscriptions, 21% from online ads, and 13% from its e-commerce and other segment, which sells tie-in ACG (anime, comics, and gaming) content online.
Add Comment