Shares of Chinese companies, including JD.Com Inc (NASDAQ:JD), are trading lower as investors assess the economic impact of a surge in COVID cases in China.
According to an SCMP report, Hong Kong will start easing social-distancing rules that have been in place for months from April 21, including an extension of dine-in hours for restaurants. It added that people would be permitted to take off their masks when visiting parks and exercising outdoors.
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JD.com is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery.
According to data from Benzinga Pro, JD.Com is trading lower by 3.24% at $56.39. JD.Com has a 52-week high of $92.69 and a 52-week low of $41.56.
