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Second largest e-commerce company in China - focus on high-end products means increased success as country develops. Trailing only Alibaba, which has seen mediocre performance - could mean takeover of JD
As the world's largest asset manager by AUM, Blackrock has earned a reputation for their unparalleled respect for shareholder value. Willingness to capitalize on growth in China and other markets traditionally off-limits to US retail investors point to the firms' savvy and sophisticated schemes to juice returns for clients. This market positioning provided opportunity to generate outsized returns trading Amazon from its infancy until the time Bezos handed the reigns over to Jassy. As a major e-commerce player in Asia, JD.com is poised to capture the Chinese market for Producer-to-Consumer Intermediary. Blackrock's position as the second largest shareholder in JD leads us to believe they exert marginal influence over the board and anticipate significant upside in their equity. As the company trades at a bargain 22X earnings, our investment firm is pushing our clients to purchase equity in JD. Our view leads us to develop an $84.06 target price for JD heading into year end.