JD.com’s Founder Targets Massive Revamp Following ‘Lost Five Years’
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2025
0mins
Should l Buy PDD?
Source: TipRanks
Richard Liu's Vision for JD.com: Richard Liu, founder of JD.com, aims to revitalize the company after a challenging five years marked by stagnation and competition from rivals. He plans to leverage JD's logistics network to expand into food delivery, travel, and international markets, including a launch in Europe by 2026.
Market Response and Future Outlook: Analysts are optimistic about JD.com's stock potential, with a Strong Buy consensus rating and an average price target suggesting significant upside. Liu's strategy includes enhancing customer loyalty through competitive offerings and a new three-year membership program for partners.
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Analyst Views on PDD
Wall Street analysts forecast PDD stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 104.940
Low
118.00
Averages
146.39
High
167.00
Current: 104.940
Low
118.00
Averages
146.39
High
167.00
About PDD
PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. Its Pinduoduo platform provides buyers with a comprehensive selection of value-for-money merchandise and fun and interactive shopping experiences. The Temu, a global e-commerce platform which brings together buyers, merchants, manufacturers, and brands from around the world, offers a selection of merchandise in product categories such as apparel, electronic appliances, household goods, sports and fitness, tools and home improvement, and pet supplies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sales Channel Advantage: Amazon generated 24% of its net sales from third-party seller services in 2025, many of which are based in China, and the elimination of tariffs will enable these sellers to lower prices and attract more consumers, enhancing market competitiveness.
- Cross-Border E-Commerce Opportunity: PDD allows Chinese merchants to sell products to the U.S. via its Temu platform, and the removal of tariffs will boost international sales, although they still face the newly implemented global 15% tariff.
- Cautious Short-Term Outlook: Despite the short-term rally in retail stocks due to the ruling, the lack of reinstatement of the de minimis rule and the implementation of new global tariffs suggest that investors should remain cautious about future gains.
See More
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- Supreme Court Impact: The Supreme Court's ruling that the Trump administration lacked authority to impose tariffs led to a 3% and 4% rise in Amazon and PDD's stock prices, respectively, potentially opening new market opportunities for both companies.
- Third-Party Seller Benefits: Amazon generated 24% of its net sales from third-party seller services in 2025, many of which are based in China; the elimination of tariffs will allow these sellers to lower prices and attract more American consumers.
- New Tariff Challenges: Despite the removal of previous tariffs, a new global 15% tariff remains in place, which could offset potential gains for Amazon and PDD, increasing costs for cross-border sales.
- Cautious Market Reaction: Although retail stocks rallied post-ruling, the lack of reinstatement of the de minimis rule means cross-border merchants still face high tariffs and longer shipping times, limiting market optimism for future growth.
See More
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- Focused Investment Strategy: Li Lu demonstrates a unique investment philosophy by concentrating on high-quality businesses and avoiding market fads, emphasizing the power of time and compounding to achieve long-term wealth growth.
- Strong Research Background: After relocating to the U.S. post-Tiananmen, Li Lu studied at Columbia University, an experience that shaped his value investing philosophy and established his deep reputation in the investment community.
- Connections with Investment Giants: Li Lu formed a close relationship with Charlie Munger, who entrusted him with a portion of his capital, connecting him closely with Warren Buffett and the broader Berkshire Hathaway circle, influencing his investment decisions.
- BYD's Long-Term Growth Potential: BYD has transformed from a battery manufacturer into a comprehensive electric vehicle and energy technology powerhouse, with ongoing discussions about potential spinoffs indicating its significant role in global energy transformation.
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- Asset Management Impact: This sale reduced Baidu's representation in HHLR Advisors' assets from 5.3% to 0%, reflecting a reassessment of the company's future performance, which could influence market sentiment towards Baidu.
- Market Performance: As of February 17, 2026, Baidu's stock price stood at $137.33, up 52.3% over the past year, outperforming the S&P 500 by 29 percentage points; however, HHLR's exit may exert downward pressure on the stock in the short term.
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See More
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- Tariff Impact: Trump's tariffs had previously forced e-commerce companies to raise prices, alter supply chains, and even lay off staff; however, this ruling provides legal clarity that may enable these businesses to recover billions in tariff costs.
- Consumer Sentiment: Despite the positive ruling, economic uncertainty persists, as Etsy's annual report highlighted pressures from reduced discretionary spending and evolving buyer behavior, leading to cautious forecasts for first-quarter gross merchandise sales.
- Industry Response: The National Retail Federation stated that the ruling offers
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- E-Commerce Market Rebound: Following the ruling, shares of Shopify, Wayfair, and eBay surged over 3%, while Pinduoduo's parent company also saw a 3% increase, indicating renewed market confidence in the e-commerce sector.
- Small Business Pressure: Trump's tariffs had severely disrupted e-commerce platforms, forcing many small businesses to raise prices or lay off staff; Etsy's annual report highlighted a pullback in consumer spending, leading to pessimistic sales forecasts.
- Industry Outlook Uncertainty: Despite the ruling providing some market confidence, both Etsy and Amazon express concerns over future tariff policy changes, particularly regarding their impact on consumer demand and discretionary spending, leaving the industry facing significant uncertainty.
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