NEW YORK (TheStreet) -- JD.com (JD - Get Report) hit a 52-week high on Monday as it continued gains on last week's news that China's second-largest e-commerce site integrated into social media, which increased revenue.
JD opened a direct entry link to WeChat, a social media application owned by Tencent Holdings. This increased daily sales on the site eightfold, according to Bloomberg. Tencent bought 15% of JD.com in March and has 400 million monthly active users on WeChat.
The stock was up 8.35% to $28.80 at 12:34 p.m.
Must Read: Warren Buffett's 25 Favorite Stocks