Chinese e-commerce giant JD.com has debuted on the Nasdaq with a splash: the company started trading much higher than its offer price of $19 per share. So is this a sign that investors believe China’s economy still has room to grow? CCTV’s Shraysi Tandon reports.
Chinese E-Commerce Giant JD.com Debuts on Nasdaq
Chinese e-commerce giant JD.com has debuted on the Nasdaq with a splash: the company started trading much higher than its offer price of $19 per share. Is this a sign that investors believe China's economy still has room to grow? CCTV's Shraysi Tandon reports.To discuss the outlook of China’s e-commerce market, CCTV’s Michelle Makori is joined by Mark Otto, Partner at J. Streicher & Company.
While JD.com’s IPO performed better than expected, analysts still aren’t sure if the e-commerce giant has what it takes to stand out from the crowd. CCTV’s Michelle Xing reports from Beijing.