'What's The True Worth Of Chinese Stocks,' Asks Jim Cramer As He Praises Walmart For 'Smart' Move To Exit JD.com — Names Alibaba As Only Name That Has Real Liquidity
Portfolio Pulse from Shanthi Rexaline
Walmart has sold its stake in JD.com, raising $3.6 billion, which led to a significant drop in JD.com's stock price. Jim Cramer praised Walmart's decision and highlighted Alibaba as the only Chinese stock with real liquidity. JD.com faces challenges from domestic competition and regulatory issues.
August 21, 2024 | 12:28 pm
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POSITIVE IMPACT
Alibaba is highlighted by Jim Cramer as the only Chinese stock with real liquidity amidst the challenges faced by other Chinese tech companies.
Alibaba is seen as a stable option with real liquidity compared to other Chinese stocks, which are facing regulatory and competitive challenges.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Walmart sold its stake in JD.com for $3.6 billion, a strategic move to focus on its own e-commerce operations in China. This decision is seen as positive by Jim Cramer.
Walmart's sale of JD.com shares is a strategic move to focus on its own operations in China, potentially strengthening its market position. The $3.6 billion raised can be reinvested into its business.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JD.com's stock dropped significantly after Walmart sold its stake at a discount. The company faces challenges from competition and regulatory issues, with slow revenue growth.
The sale of JD.com shares by Walmart at a discount led to a significant drop in JD.com's stock price. The company is also facing competitive and regulatory challenges, impacting its growth prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90