JD.com shares are trading lower by 8.9% since Monday's open. The stock has been volatile after China's Ministry of Commerce denied that any economic or trade negotiations taking place with the US.
JD.com saw its stock fall 3.9% Thursday morning. Shares are down following comments from China's Ministry of Commerce denying any current trade negotiations with the United States.
JD.com accuses rival platforms of coercing couriers to leave JD Takeaway, vows to increase full-time riders. Trump's tariffs on Chinese imports a concern.
In a throwback video, Alibaba Group Holding Ltd. (NYSE: BABA) co-founder Jack Ma expressed that trade wars, such as the one brewing between the U.S. and China, are obscuring deeper issues of resource allocation and wealth concentration, while posing a risk to global stability.
U.S.-listed Chinese stocks like Alibaba, JD.com, and PDD Holdings may soon face delisting risks due to escalating trade tensions and new policy guidance.
Hongkong Post on Wednesday announced the suspension of its postal services for parcels containing goods to the United States, citing what it describes as "bullying" and "unreasonable" actions by the U.S. government regarding new tariffs and postal fees.
Nio shares traded higher on Monday after President Donald Trump and his administration announced that electronics are exempt from the 145% reciprocal tariffs on Chinese goods.
The moves are in response to an escalating trade war between the U.S. and China, which will likely make imports and exports between the two nations unviable.
The iShares China Large-Cap ETF rebounded Wednesday afternoon. Trump's announcement of a 125% tariff on Chinese imports meanwhile heightened investor fears over U.S.-China tensions.
JD.Com, one of China's largest e-commerce giants, is experiencing heightened volatility once again. The stock is now lower by some 15% to $33.31 over the trailing week.
The iShares China Large-Cap ETF had gained as much as 4.6% Tuesday morning. The ETF is now falling sharply Tuesday afternoon as U.S.-China trade tensions reached new highs.
