JD.com In Range As China Shares Surge On Easing Hopes

Investor's Business Daily - Investing RSS http://ift.tt/1Nw6I6U Chinese stocks surged Monday as the country's central bank governor, Zhou Xiaochuan, signaled that China has room to ease monetary policy if inflation continues to slip. The Shanghai Composite climbed 2.6% to a new multiyear high. Chinese online retailer JD.com (JD) operates an Amazon (AMZN)-like direct sales business and is a rival of Alibaba (BABA). While significantly smaller and less profitable than Alibaba, JD.com has been growing its top