Why Jim Cramer Suggests Buying JD.com (JD) Stock

NEW YORK (TheStreet) -- TheStreet's Jim Cramer says investors are "gaga" over JD.com  (JD) because it looks a lot like Amazon  (AMZN) and knows how to ship and deliver products in China.

Cramer says he likes Vipshop Holdings  (VIPS) because they make money, but he thinks this market has room for companies that lose money because investors are crazy about China.

Cramer cautions investors because he believes people will sell JD.com once Alibaba has its much-anticipated IPO because Alibaba has much better growth characteristics and profitability. But he says he never gets in the way of Chinese enthusiasm because it happens periodically, as it did with Baidu  (BIDU) and will again with Alibaba. For JD.com, Cramer says "let it go higher, then take a profit."

Must Watch: Jim Cramer Says Take Profit on JD.com When Alibaba IPOs

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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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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