JD valuation is illogical.

Updated
| Buying JD at $23, selling at $36. |

JD.com's "valuation is illogical, with the stock priced as if the company is going out of business soon"

"The discrepancy is quite perplexing. Pinduoduo with a market capitalization of 187.20BN realizes 6.22BN in operating income, while JD.com with a market capitalization of 36.54BN realizes 3.72BN in operating income."

seekingalpha.com/article/4665014-jdcom-mr-market-is-getting-irrational?hasComeFromMpArticle=false
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