NYSE:QIHU - New York Stock Exchange, Inc. - US74734M1099
Billionaire Zhou Hongyi is making a grab for a share of China’s lucrative online lending market, which is dominated by Jack Ma’s Ant Financial and Tencent’s financial unit.
Mentions: QFIN
China’s push to get its fastest-growing companies to list shares at home could trigger a feeding frenzy from investors chasing the flashiest securities in a market dominated by old-economy stalwarts.
Why be content with almost $2 billion when your net worth can be multiples more simply by moving your company from one stock exchange to another?
Although JD stock has been a top-performer among Chinese stocks, its underlying bullish argument isn’t without serious flaws.
JD.com gets overshadowed by rival Alibaba, yet JD stock is a great investment as the No. 2 e-commerce company in China.