Scalper1 News
The investing world is abuzz over Chinese Internet stocks. JD.com, a Chinese e-commerce firm with a model similar to Amazon (AMZN), debuted on the Nasdaq Thursday and jumped 10% on its first day. Late Wednesday, it priced its IPO at 19, above its expected range of 16-18. JD.com’s (JD) positive IPO is building up the hype for Alibaba’s expected blockbuster initial offering. But the IBD 50 already has four great Chinese Internet stocks on it. The Scalper1 News
Scalper1 News