JD's Core Business Solid; New Business Expenses and Currency Force FVE to USD 41
JD.com reported a solid second-quarter result from its core e-commerce business but spending on logistics and related new businesses such as logistics asset management drove the consolidated earnings back into operating loss and management has stepped away from its previous guidance of 1% to 2% non-GAAP net margins in 2018. We retain our view that in the long term, as JD Mall expands in scale and increases bargaining power against suppliers, and as the third-party logistics capacity is digested ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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