Avery Schumer
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HSBC Starts JD.com At Buy, Sees Buying Opportunity For Investors Right Now

The share price of JD.Com Inc (ADR) has appreciated 20.57 percent year-to-date, from a low of $23.14 on December 31, 2014.

Chi Tsang of HSBC Global Research has initiated coverage of the company with a Buy rating and price target of $37.

While mentioning that the current stock valuation offers an attractive buying opportunity, Tsang said that investor concerns regarding the impact of a slowing economy on online shopping in China was overdone.