Could Alibaba and JD follow suit after Amazon tripled profits?
Could Alibaba and JD follow suit after Amazon tripled profits? Amazon.com’s profit tripled to nearly USD 10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from post-pandemic lows. This momentum could jump over to the rather sluggishly performing stocks of Alibaba and JD, especially combined with a potential year-end rally.