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Why JD.com Stock Has More Than Doubled in 2020

Why JD.com Stock Has More Than Doubled in 2020

First of all, JD has excelled during the COVID-19 pandemic, which is reflected in its first-half 2020 performance. As JD spreads its fixed cost among a larger sales volume, there is a lower fixed cost per unit of sales. JD's strong performance validates the strength of its integrated business model: a one-stop e-commerce platform offering a wide range of products, which is supported by its own logistics network.