From Nasdaq, Inc.:

JD.com shares fell 4.5% as Alibaba’s disappointing earnings report raised concerns about China’s e-commerce industry. Alibaba’s Q4 revenue grew only 5% to $36.7 billion, and earnings dropped by 2% to $2.67 per share. Both Alibaba and JD.com have seen slowing revenue growth, indicating price competition is intensifying and a Chinese e-commerce sector that remains weak. JD.com’s third-quarter earnings report is expected to show a revenue drop of 1.5% and lower earnings per share, sending the warning signals for concerned investors.

Alibaba’s disappointing earnings report indicates that Chinese tech stocks continue to struggle, particularly in the e-commerce sector. JD.com’s stock decline reflects growing concerns as the company prepares to release its third-quarter earnings report in March. Revenue growth at both Alibaba and JD.com has slowed due to challenges with the Chinese economy and an intensifying price war in the e-commerce sector. Analysts forecast JD.com’s revenue to drop by 1.5% to $42.1 billion, with earnings per share falling from $0.70 to $0.63. The Motley Fool has advised investors not to buy stock in JD.com, as the company was not included in their list of the top 10 stocks with the potential for monster returns.

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