The e-commerce site, China's second biggest, led gains among the nation's online retailers in New York amid signs the companies' move into social media is improving revenue, according to Bloomberg.
Daily sales at Beijing-based JD.com jumped eightfold after the company opened a direct entry link to Tencent Holdings Ltd.'s (TCEHY) social media application WeChat, sources told Sina News, Bloomberg said. Tencent, which bought 15% of JD.com in March, has 400 million monthly active users on WeChat. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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