NEW YORK (TheStreet) -- JD.com (JD) shares are up 1.2% to $27.84 in early market trading on Thursday after the Chinese online direct sales company had coverage initiated with a "market perform" rating by analysts at William Blair.
Losing a job is always tough, but these pink slips were particularly explosive.
Alibaba's earnings showed accelerating growth and soaring profits for its core Chinese marketplaces. That leaves markets unfazed by the losses the company's growth initiatives are racking up.
Jack Ma's company is expected to report earnings on Jan. 24 before market open.