Dallas, Texas 05/29/2014 (FINANCIALSTRENDS) – JD.Com Inc. (ADR) (NASDAQ:JD)’s stock recently debuted on the U.S. stock markets and has been trading well since then. Even its IPO received good response and was oversubscribed by the investors. On Wednesday, the stock received new coverage by equity research firm Credit Agricole where analysts accorded a “buy” rating on the stock of JD.Com with a price target of $24.50.
JD.Com debuted on Thursday, May 22, 2014 and has gained 12.75% since then. Yesterday the stock closed at $24.78, gaining 7.88% or $1.81 from its previous close. However, the stock traded with lesser volumes of 16.78 million shares as compared to its average trade volume of 40.23 million shares.
JD.Com Inc. (ADR) (NASDAQ:JD) is a China based holding company which provides online direct sales. The company offers a selection of range of authentic products through its online platform www.jd.com as well as through mobile applications. The company allows the buyers in-person payment and online payment options and also offers comprehensive customer support services. JD.Com’s subsidiaries include Shanghai Shengdayuan Information Technology Co., Ltd.; Tianjin Star East Corp. Ltd.; Beijing Jingdong Century Trade Co., Ltd.; and Beijing Jingbangda Trade Co., Ltd.
JD.Com Inc. (ADR) (NASDAQ:JD) reported to operate more than 80 warehouses, as of February 28, 2014, in 34 cities sprawl across 1.3 million square meters of aggregate gross floor area. The company employs nearly 34,500 people including 4,900 customer service personnel, 8,800 warehouse personnel and close to 20,800 delivery personnel. The company operates across China with presence in over 475 cities with close to 1,500 delivery stations and more than 200 pickup stations.
The company has offered more than 31 million SKUs (Stock Keeping Units), as of February 28, 2014, through marketplace as well as its online direct sales. The company also recently announced about its partnership with Tencent Holdings Ltd.