JD.com Stock Is Down Tuesday - What's Going On
Portfolio Pulse from Anusuya Lahiri
JD.com's stock traded lower on Tuesday amid reports of its long-term vision to create seven listed firms with market values of at least $14 billion each. The company plans to pay out more than 3 trillion yuan in salaries and benefits for frontline staff over the next two decades and aims to have three companies with sales exceeding 1 trillion yuan and a net profit of more than 70 billion yuan.
June 20, 2023 | 10:37 am
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JD.com's stock traded lower on Tuesday due to reports of its long-term vision to create seven listed firms with market values of at least $14 billion each.
The stock price of JD.com is down due to the announcement of its long-term vision, which may cause uncertainty among investors. The creation of seven listed firms with market values of at least $14 billion each could lead to concerns about the company's focus and potential dilution of shareholder value. Additionally, the commitment to pay out more than 3 trillion yuan in salaries and benefits over the next two decades may raise questions about the company's financial sustainability.
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