Why JD.com (JD) Stock Hit a One-Year High Today

NEW YORK (TheStreet) -- JD.com  (JD) 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.

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JD Price Chart

JD Price data by YCharts

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