Did not buy 20 which is the usual lot I will buy for US share.
This is because it may fall further due to the persistent trade war, so I settled for the middle.
Also bought JD.com. Was looking at it since yesterday.
But was interested in it after watching Richard Liu's interview.
What is the difference between Ali Baba and JD.com?
JD.com ships the product by themselves, Ali Baba relies on 3rd party logistics.
To me, JD.com wants to build a very quality foundation, which is their logistics.
Richard is very focused on the customers' shopping experience.
As the people of China get richer, JD.com's quality will become valuable.
Also, JD.com shares have plunged alot.
Their sales per share in 2017 was US$37, and their current share price is US$26.
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