JD.com: Buy The Long-Term Growth Story

|
About: JD.com, Inc. (JD)
by: John Song
This article is exclusive for subscribers.
John Song
Long only, value, long/short equity, Growth
Summary

JD is trading at its cheapest valuation since its IPO in 2014.

Service is a future powerhouse for high-margin revenue growth.

Transition to a "Retail Infrastructure Service Provider" with JD Finance and JD Logistics going public as soon as 2019.

JD's heavy investments in R&D should pay off in the long run.

Thesis

With solid operations and continued diversification and transformation, JD.com (JD) provides an attractive buying opportunity. Trading at its cheapest valuation since IPO, JD.com remains a high-growth company with expected revenue growth of