Billionaire Ken Fisher’s 10 Technology Stock Picks with Huge Upside Potential

2. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders as of Q4: 78

Fisher Asset Management’s Equity Stake: Million 

Upside Potential as of April 30: 54.41%

JD.com, Inc. (NASDAQ:JD) is a Beijing-based e-commerce powerhouse and China’s largest retailer by revenue. The company has evolved into a technology-driven conglomerate, expanding its footprint into logistics, healthcare, and property development alongside its core e-commerce operations. With a reputation for innovation and operational excellence, JD.com has strategically diversified into high-growth sectors that complement and enhance its retail business, reinforcing its dominant position in China’s competitive digital economy.

On March 6, 2025, JD.com, Inc. (NASDAQ:JD) released its financial results for the fourth quarter and full year ended December 31, 2024, revealing robust year-over-year performance across multiple key metrics. The company posted Q4 net revenues of RMB347.0 billion ($147.5 billion), a 13.4% increase over the same period in 2023. Full-year net revenues climbed to RMB1,158.8 billion ($158.8 billion), up 6.8% from the previous year. Operational profitability surged, with Q4 income from operations rising to RMB8.5 billion ($1.2 billion), up significantly from RMB2.0 billion in Q4 2023. The operating margin improved from 0.7% to 2.4%, while non-GAAP income from operations increased to RMB10.5 billion ($1.4 billion), reflecting a non-GAAP operating margin of 3.0%, up from 2.5% the year before.

JD.com, Inc. (NASDAQ:JD) CEO Sandy Xu noted that double-digit year-on-year growth in both topline revenue and bottom-line profitability reflected strong momentum across most product categories. She also emphasized significant increases in quarterly active users and shopping frequency, underscoring rising consumer engagement and loyalty. Looking ahead to 2025, Xu affirmed the company’s optimistic outlook amid recovering consumer sentiment and a continued focus on high-quality growth.