JD.com reported first-quarter fiscal 2026 revenue and earnings per share above market expectations, driven by strong margins in JD Retail and reduced losses in new business areas. However, revenue from electronics and home appliances fell sharply by 8.4%, indicating subsidy exhaustion. Intense competition from Alibaba, Meituan, and Pinduoduo in supermarkets and instant retail, along with weak differentiation in new ventures, poses risks to JD.com's growth. Despite an attractive valuation of 7.5 times forward earnings, analysts remain cautious and await signs of sustained business stabilization before upgrading their outlook.
The US government approved exports of Nvidia's advanced H200 AI chips to Chinese firms, reversing previous export bans. This move coincided with President Trump holding $1-5 million in Nvidia stock and flying Nvidia's CEO to China on Air Force One. T...
Nvidia CEO Jensen Huang secured U.S. approval to sell its advanced H200 AI chips to 10 major Chinese companies including Alibaba, JD.com, ByteDance, and Lenovo. This move could reopen access to China's $50 billion AI market, which was restricted due ...
