Why JD.com Stock Surged This Week

Shares of JD.com (NASDAQ:JD) popped this week after the Chinese e-commerce giant posted a strong second-quarter earnings report Monday morning; and then Cathie Wood’s ARK Invest revealed a significant purchase of JD.com that night, driving a spike in JD and other Chinese tech stocks on Tuesday.

As of Thursday’s market close, the stock was up 21.1% for the week.

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