China Merchants Securities Reaffirms Their Buy Rating on JD.com, Inc. Class A (9618)

Why Is JD.com Stock Falling Thursday? - JD.com (NASDAQ:JD)

JD.com's first revenue decline since 2014 ($51.05B, -2.9% YoY): weak Chinese consumer spending plus regulatory clampdown on food delivery. CEO pivots to margin expansion (JD Retail 4.6%) and European growth via Joybuy; abandons loss-leader model.