Stocks in China climbed on Thursday as the U.S. dollar declined, which relaxed fears that the yuan will depreciate further, Reuters reports.
The Shanghai Composite Index was higher by 1.6% to 2,781.02 points today. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose by 1.2% to 2.984.76 points.
JD.com is a Beijing-based online direct sales company that is primarily engaged in the sale of electronics and home appliance products and general merchandise products.
The People's Bank of China added 80 billion yuan ($12 billion) into the banking system using 14-day reverse purchase agreements today, Bloomberg reports. This was in response to the rise in the demand for cash in the lead up to the weeklong Chinese holidays beginning February 8.
Separately, TheStreet Ratings has set a "hold" rating and a score of C- on JD.com stock. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including unimpressive growth in net income and poor profit margins.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.