Why JD.com Stock Plunged 49% Last Year

Shares of JD.com (JD 0.43%) tumbled in 2023 as the Chinese e-commerce company continued to report disappointing results and sluggish growth, and China's economic recovery also came up short.According to data from S&P Global Market Intelligence, the stock finished last year down 49%. As the chart below shows, most of the sell-off came early in the year, though the stock finished 2023 near its low point as investor sentiment on the stock has taken a dive. JD.com goes from bad to worseLike other Chinese tech s ...