Guru Ken Fisher (Trades, Portfolio) purchased a 2,269,246-share stake in JD.com (NASDAQ:JD) in the first quarter.
JD.com, which stands for Jingdong Mall, is an online direct sales company that is based in China. The company acquires products from suppliers and then sells them directly to customers in more than 140 countries worldwide. Through its website www.jd.com and mobile applications, the company offers a variety of products including household appliances, mobile phones, household furniture, audio books, children's books, lottery tickets, food and other products. Continue Reading »