China's Generation-Z Is Developing An Ugly Addiction To Easily-Accessible Debt [zero hedge]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.jd.com
Company Research
Source: zero hedge
China's generation Z, not unlike millennials in the U.S., are developing an ugly addiction to debt. This was highlighted in a recent Bloomberg piece that highlighted examples like one 23 year old Shanghai resident who found himself $1,500 in debt to a smartphone app. His spending habits are made possible buy Huabei, a credit card that's part of Alibaba's ecosystem. He routinely spent more than his sole source of income, which was his parents 8,000 yuan (~$1,200) monthly allowance. When fell under a pile of debt, he tried to borrow his way out of it and pay in installments. It didn't work, and his parents had to bail him out. Hubei charged him 0.05% per day, which is about 18.25% annualized. His story is typical for China's Generation Z. Born between the mid 90's and early 2000's, this generation has little income and "virtually no credit history". But that doesn't stop them from having access to banks, fintech startups and peer to peer lenders (in addition to other unregulated channel
Show less
Read more
Impact Snapshot
Event Time:
JD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JD alerts
High impacting JD.com, Inc. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
JD
News
- Morning Bid: Tanking Tesla reports, Europe business beats [Yahoo! Finance]Yahoo! Finance
- Morning Bid: Tanking Tesla reports, Europe business beats [Reuters]Reuters
- Why Chinese Stocks Tencent, PDD Holdings, and JD.com Surged Today [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy JD.com (JD) Stock? [Yahoo! Finance]Yahoo! Finance
- JD.com, Inc.'s (NASDAQ:JD) Stock Is Going Strong: Have Financials A Role To Play? [Yahoo! Finance]Yahoo! Finance
JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- JD's page on the SEC website