JD.com (NASDAQ: JD) and PDD Holdings (NASDAQ: PDD) -- better known as Pinduoduo -- are China's second- and third-largest e-commerce companies, respectively, after Alibaba (NYSE: BABA). JD, which was founded in 1998, flourished in Alibaba's shadow by building a massive first-party logistics network and taking on its own inventories instead of relying on third-party sellers. Pinduoduo, founded in 2015, initially carved out a niche with its discount marketplace for China's lower-tier cities before launching the country's largest online agricultural marketplace for farm-to-table produce.
JD.com (NASDAQ: JD) stock fell slightly in Tuesday's trading despite a day of small gains for the broader market. The company's share price closed out the daily trading session down 0.6%, according to data from S&P Global Market Intelligence. Meanwhile, the Nasdaq Composite index closed out the daily session up 0.3% and the S&P 500 index was up 0.1%.
JD.com, Inc. ( NASDAQ:JD ) shareholders should be happy to see the share price up 13% in the last month. Meanwhile over...