Duru
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Why has JD stock crashed?
China's economy was expected to recover from the pandemic after it lifted its zero-COVID policy at the end of 2022, but that didn't happen. Meanwhile, JD reported disappointing results throughout the year and lost market share to Pinduoduo parent PDD Holdings, which significantly outgrew JD.
China's economy was expected to recover from the pandemic after it lifted its zero-COVID policy at the end of 2022, but that didn't happen. Meanwhile, JD reported disappointing results throughout the year and lost market share to Pinduoduo parent PDD Holdings, which significantly outgrew JD.