The Market Is Still Getting JD Wrong

Group 1 - The analysis focuses on high-quality companies that can outperform the market over the long run due to competitive advantages and high levels of defensibility [1] - The author has previously published an article on JD.com, highlighting the timing of the analysis in relation to the Chinese government's stimulus announcement [1] - The analysis is primarily centered on European and North American companies, without constraints on market capitalization [1] Group 2 - The author holds a beneficial long position in shares of BABA, JD, and TCEHY through various financial instruments [2] - The article expresses the author's own opinions and is not influenced by compensation from any company mentioned [2]