To 100 billion US dollars. Baidu is far behind.
Two years ago, Baidu was a $100 billion company; two years later, Baidu was a $40 billion company. And now JD.com is also a 100 billion dollar company…
To be fair, a new crown epidemic has made the outside world clearly aware of the cornerstone value of JD.com to China’s social security and logistics system. It is understandable that the market has given a certain valuation premium. But no matter whether you are a company or an investment, it is a future-oriented behavior. Taking lessons from the past, crossing the hills of the future, what is needed at this moment is rationality and courage, rather than icing on the cake and applause.