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Today’s Research Reports on Stocks to Watch: Weibo and JD.com

NEW YORK, NY / ACCESSWIRE / August 31, 2018 / Shares of Weibo Corporation were in the red yesterday as Wall Street showed concern over tariffs again. According to six people familiar with the matter, the president is planning to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week. Weibo did announce on Wednesday that it is suing an anonymous blogger in China for jokes about the company’s co-founder and CEO. JD.com announced this month that it has teamed up with Walmart to invest into a Chinese online delivery startup called Dada-JD Daojia.

RDI Initiates Coverage on:

Weibo Corporation
https://www.rdinvesting.com/report/?ticker=WB

JD.com, Inc.
https://www.rdinvesting.com/report/?ticker=JD

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Weibo Corporation shares were down 4.28% at the close on Thursday on about 2.6 million shares traded. It was a rough day for many Asian stocks on the news that Trump may be moving forward with tariffs next week. The company announced earlier this week that it has sued an anonymous Chinese blogger for an online post that jokes about the company's chief executive officer and co-founder, Robin Li. The joke was in connection to rumors that had been circling around about Li's family and his dating life. Baidu has called the rumors "malicious." While Weibo did not have any comment on the matter, the blogger, whose nickname means "one-man-show at 7:30 p.m" said in a post that Baidu had asked him to pay a compensation of 5 million yuan ($731,529) and pin an apology on his Weibo account for 30 days. The blogger said, "Baidu said I caused serious damage to Baidu's image and its perception by society." He added, "As a comedy writer who is partly involved in the circle of stand up comedians, I've known for a long time how difficult it is to do satire in such an environment. But I didn't realize that it had deteriorated to such an extent."

Access RDI’s Weibo Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=WB

JD.com, Inc. shares were down almost 3% in Thursday trading on about 15 million shares traded. While the company did not have any specific news yesterday, it recently partnered up with Walmart to put $500.0 million into Dada-JD Daojia, China’s fast-growing online delivery startup. Walmart invested $320 million while JD.com invested $180 million. "By working with strong partners, and investing in digital capabilities, we will create easier and more convenient shopping experiences for customers," Wern-Yuen Tan, president and CEO of Walmart China, said in a statement. Founder of JD.com Richard Liu has said, "Our ambition is to expand our supply chain ability to the whole world – to connect any brand, any goods and any consumer globally."

Access RDI’s JD.com, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=JD

Our Actionable Research on Weibo Corporation (NASDAQ: WB) and JD.com, Inc. (NASDAQ: JD) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com