JD.com: This Is Probably Just The Beginning

Core Insights - JD.com, Inc. was identified as one of the worst investments in 2023, indicating significant underperformance in the market [1] Group 1: Company Analysis - The analysis emphasizes the importance of high-quality companies that can outperform the market over the long term due to competitive advantages and high levels of defensibility [1] - The focus of the analysis is primarily on European and North American companies, without restrictions on market capitalization, covering both large-cap and small-cap companies [1] Group 2: Analyst Background - The analyst has a Master's Degree in Sociology with a focus on organizational and economic sociology, as well as a Bachelor's Degree in Sociology and History, providing a strong academic foundation for the analysis [1]