This article only represents the author's own views.
For Chinese stocks, the last few years have been fraught with gloom and doom. But some of the storm clouds could be lifting for e-commerce giant JD.com Inc. (JD.US; 9618.HK), which fared better than its peers during the dark times and may now be set to enjoy some sunnier market weather. Chinese stocks have been plagued by an unrelenting litany of troubles in recent years: the danger of having to delist from the U.S. stock market, a Chinese regulatory crackdown on Internet companies, prolonged Covid-19 prevention measures, and an economic downturn.
As of last Friday, top five Chinese tech stocks Alibaba Group (BABA.US; 9988.HK), JD.com, Meituan (3690.HK), Tencent Holdings (700.HK) and Xiaomi Corp. (1810.HK) had suffered Hong Kong stock-price plunges ranging from about 30% to 58% over the past year. Of these, JD logged the smallest drop. What has made JD more price-resilient than the other giants?