What's Going On With JD.Com Stock?

JD.Com Inc JD shares are trading higher by 3.52% to $60.51 during Thursday's session amid overall strength in Chinese stocks. Shares of several Chinese stocks at large are trading higher as China eases some zero-Covid restrictions.

What's Going On In China?

China began relaxing some of its COVID-19 restrictions on Wednesday, following large protests late last month in response to the country's rigorous "zero-COVID" policy.

China's National Health Commission said it will discontinue the frequent required testing for the bulk of the population and would no longer require negative tests in most public places, according to the Wall Street Journal.

Additionally, in the case of a positive test the government won't lock down entire apartment buildings and those who have COVID-19 infections won't need to isolate in state quarantine facilities...Read More

JD.com is China's second-largest e-commerce company after Alibaba in terms of gross merchandise volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery.

According to data from Benzinga Pro, JD.Com has a 52-week high of $81.24 and a 52-week low of $33.17.