Uhhh. JD is highest revenue retailer in China I meant (I think). JD is #46 by revenue in the world right now among all companies according to Wikipedia.
I live in China. JD valuation is weird though I did not dig very deep. Mainly the valuation is because we called consumption down grade. JD merchants are mostly premium and so they only get 5% growth for their main retail business, which is their base and BABA has 10% growth, PDD has 40% growth. Hope you can dig deeper for JD
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Uhhh. JD is highest revenue retailer in China I meant (I think). JD is #46 by revenue in the world right now among all companies according to Wikipedia.
I live in China. JD valuation is weird though I did not dig very deep. Mainly the valuation is because we called consumption down grade. JD merchants are mostly premium and so they only get 5% growth for their main retail business, which is their base and BABA has 10% growth, PDD has 40% growth. Hope you can dig deeper for JD