Exchange Traded Concepts Expands JD.com, Inc. (JD) Holdings

JD.com, Inc. (NASDAQ:JD)  is among the best safe stocks to buy now. According to the recent disclosure with the SEC, Exchange Traded Concepts LLC raised its position in JD.com, Inc. (NASDAQ:JD) by 42.6% during the second quarter. After the purchase of 34,585 shares, the investment advisor now owns 115,817 shares of the company’s stock, valued at nearly $3,780,000.

Recently, China adopted accommodative policies that have done nothing but shape the company’s success story. Their “Made in China 2025” strategic plan includes both the aim of enhancing the domestic content of core materials to 70% and improving the quality of and the trust in local brands. Sure enough, JD.com, Inc. (NASDAQ:JD) is set to benefit from anything that would enhance the country’s economic well-being.

The company’s overall outlook is backed by strong financials, improving numbers, and a healthy valuation. Despite short-term ups and downs, the giant’s long-term potential remains significant, particularly if the international expansion proceeds as planned. Perhaps, JD.com, Inc. (NASDAQ:JD) can be called a “financial pillar in a rebounding market”.

​JD.com, Inc. (NASDAQ:JD) is a Chinese company that provides supply chain-based technology and services. Founded in 2006, the company operates through three segments: JD Retail, JD Logistics, and New Businesses.

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Disclosure: None.