JD Releases Q4 Financial Results

China Last Night KraneShares JD.com Q4 Earnings Overview JD.com (JD US, 9618 HK) announced Q4 financial results post-Hong Kong close/pre-US market open. We knew Q4 would be challenging as zero COVID’s end led to an outbreak across China. Management did a great job navigating a complex macro environment, cutting costs, and cutting unprofitable investments, allowing…

Markets Correct Following PMI Exuberance

China Last Night KraneShares Key News Asian equities were mixed overnight as China corrected following yesterday’s exuberance over strong economic data. Mainland China markets fared better than Hong Kong markets, though were still down. Lower volumes on the Mainland may have also been a factor, though it is good to see less of a correction…