Chinese E-Commerce Stock Slides Despite Earnings Surprise

U.S. shares of JD.com Inc (NASDAQ:JD) are sliding this morning, despite the Chinese e-commerce company's second-quarter earnings and revenue beat. Optimism surrounding the Beijing-based corporation's ongoing acquisition of German electronics retailer Ceconomy were overshadowed by ballooning costs tied to its new, unproven food delivery service.At last glance, JD was down 3.4% to trade at $31.40. The $31 level has kept losses in check since April, when the stock gapped lower amid U.S.-China trade tensions. Y ...