Why JD.com (JD) Stock Is Up Today

NEW YORK (TheStreet) -- JD.com (JD) was gaining 2.2% to $32.72 Wednesday after Alibaba reported its second quarter results.

Alibaba reported revenue of $2.54 billion for the second quarter, a 45% increase from the year-ago quarter. Mobile revenue increased 111% from the previous quarter for the company. Alibaba saw net income of $1.99 billion in the quarter.

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