tour – Scalper1

China Internet JD.com Q1 Shows Growth, Expansion

JD.com (JD) reported first-quarter earnings early Friday that showed rapid customer growth, and the major Chinese Internet retailer also announced a $350 million investment in online travel company Tuniu (TOUR). JD reported revenue of $5.9 billion, up 62% in local currency from the year-earlier period and above the consensus estimate of $5.74 billion. It has posted double- or triple-digit revenue growth every quarter for more than four years. The

IPO Stock Watch: These Are The Top China IPOs Of Q2

The China IPO market is recovering from a wave of accounting scandals in 2011 that drove investors away. There were 10 initial public offerings of China-based companies in the second quarter, the most since 21 in the fourth quarter of 2010. There were no China IPOs in the first quarter, according to Renaissance Capital. The China stock with the largest percentage gain in Q2 was online packaged tour operator Tuniu (TOUR). The stock priced at 9 for