JD.Com Gains on Alibaba as Spending Jumps, Profit Estimates Drop

  • Investment in new business lines crimp profitability, margins
  • JD analysts cut EPS ests by 56% in the past four weeks

JD.com Inc. has been slowly nibbling away at Alibaba Group Holding Inc.’s dominant share of China’s burgeoning online shopping market. And the costs are adding up.

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