Goldman Sachs China Stocks: 10 Stocks to Buy

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

Number of Hedge Fund Holders: 66

Goldman Sachs Equity Stake: $132.62 Million

JD.com, Inc. (NASDAQ:JD) is one of Goldman Sachs’ top Chinese stock picks. On June 18, JD Logistics, the logistics arm of Chinese e-commerce giant JD.com, announced the launch of JoyExpress in Saudi Arabia—its first direct-to-consumer express delivery service outside China. This milestone marks a key step in JD.com’s global logistics expansion.

JoyExpress is to offer delivery services as fast as the same day in Saudi Arabia, affirming JD.com’s push for growth on the international scene. Expansion abroad comes as the company faces stiff competition back at home. In addition, Chinese consumer confidence has dropped significantly amid wage growth concerns.

The company’s visionary leader, Richard Liu, has already emphasized the need for international expansion to safeguard the company’s future growth.

“We have been working in Europe for three years, and the logistics infrastructure there is now basically in place. However, it’s still not enough,” he said, according to local media reports.

By leveraging JD.com’s robust logistic network and tapping innovative ventures like food delivery, Liu hopes to challenge industry leaders across various sectors. The plan is to enhance its competitive edge by offering enticing incentives and attractive delivery benefits.

JD.com, Inc. (NASDAQ:JD) is a major Chinese tech and service company operating through JD Retail, JD Logistics, and New Businesses, offering a broad range of products and services—from consumer goods to healthcare. It supports third-party merchants with marketplace tools, provides omni-channel and online healthcare solutions, and delivers advanced logistics and supply chain services through its robust infrastructure.