Chinese Internet Stocks to Buy: JD.com (JD)
JD.Com Inc(ADR) (NASDAQ:JD) is another hyper growth Chinese company whose fourth-quarter results recently surpassed expectations. The company’s net revenues soared 47% in Q4, while its gross profit soared 58% in Chinese currency.
Moreover, research firm Pacific Crest recently started coverage of the Chinese internet stock with a $40 price target and an “overweight” rating, The Fly reported. JD “has disrupted the retail industry in China with user scale of 220M plus and its best in class logistics,” the website quotes the analyst as saying.
In the near term, margin expansion and the company’s spinoff of its finance unit should enable it to generate “sustained profitability,” the firm reportedly added.
Considering its strong growth and powerful, positive catalysts, Chinese internet stocks TCEHY, WB and JD should be able to exploit the upward trajectory of the Chinese internet sector and deliver great returns for investors.
As of this writing, Larry Ramer did not hold a position in any of the aforementioned securities.