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Morningstar•May 17, 2021
Morningstar•May 17, 2021JD.com, Inc.: JD Will Invest More Aggressively in 2021, Putting Pressure on Margin
Summary
JD.com is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online
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Analyst Profile
Chelsey Tam
Equity AnalystChelsey Tam is an equity analyst for Morningstar Investment Management Asia Limited, a wholly owned subsidiary of Morningstar, Inc. She primarily researches China internet and Macau gaming stocks.Before joining Morningstar in 2013, she was a sell-side analyst at a securities firm in Hong Kong. Before that she was a buy-side associate, and earlier she was a research lab assistant at the Rotman School of Management in Toronto.Tam holds bachelor’s degrees in commerce (finance) and economics from the University of Toronto.