JD.com left investors wanting more | The EU tried to outmatch US subsidies | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for March 10th in 3:15 minutes. ð¸ Youâve found a savvy ISA that can shelter your returns from tax, sure, but now you need to find returns worth protecting. So join Hargreaves Lansdownâs Sophie Lund-Yates for [Five Shares For ISAs]( on March 20th, and find out which five stocks Hargreaves is watching â and how it found them. [Get your free ticket]( Today's big stories - JD.comâs results showed that Chinaâs recovery is going to take patience and time
- Retail investors are cheerful, even if the pros arenât â [Read Now](
- The EU and US are turning into lean, green, subsidizing machines in the battle for key industries Jaded By JD [Jaded By JD] Whatâs Going On Here? JD.comâs [meager]( revenue growth overshadowed last quarterâs juicy profit, spooking investors on Thursday. What Does This Mean? Alibaba might be JD.comâs arch-rival, but the firms are both Chinese e-commerce giants â meaning theyâre typically birds of a feather where results are concerned. So after Alibabaâs feeble revenue growth last quarter, it didnât come out of left field when JD reported that overall revenue was disappointing and direct sales from its online platforms grew just 1%. In the firmâs defense, the cards were stacked against it: vast tracts of China remained under lockdown during the December quarter, keeping a lid on shopping. JD still managed to overshoot profit estimates, though, thanks to a raft of cost cuts. But that wasnât enough to placate hard-to-please investors. They dumped the stock despite a tantalizing $1 billion dividend announcement. Why Should I Care? The bigger picture: It's going to take patience and time.
JDâs performance might improve as China's economy does, but letâs get one thing straight: the countryâs not going to take off with one little wave of the governmentâs lockdown-lifting wand. Chinese imports and exports actually fell in January and February, and cautious spending [brought]( last monthâs inflation down to the lowest level in a year. Now JDâs betting that the rebound will be gradual, and itâs counting on consumersâ confidence (and incomes) dialing up over time. Zooming out: Chinaâs e-comm royal rumble.
Competition in the Chinese e-commerce market is fierce right now, with newcomers like Pinduoduo shaking the thrones of well-fed reigning champs. But JDâs been brushing off distractions to focus on the fight, saying goodbye to its Thai and Indonesian websites in favor of closer-to-home programs like a $1.4 billion discount campaign. Thatâs not a guaranteed recipe for success either, though: margins could get dangerously thin if the firmâs not careful, and JDâs rep as a marketplace for higher-end goods might suffer too. You might also like: [Five spicy stocks for Chinaâs reopening.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Jaded By JD&utm_campaign=daily-global-10-03-2023&utm_source=email) Analyst Take
Youâre Optimistic; The Pros Arenât. Donât Let That Stop You. [Youâre Optimistic; The Pros Arenât. Donât Let That Stop You.]( By Paul Allison, Analyst Theyâre certainly [a gloomy lot,]( those professional investors. More than two-thirds of fund managers recently said the marketâs strong performance since October has been nothing more than [a bear market rally](. And so theyâve [sold their stocks](, and currently are up to their eyeballs in cash. But that doesnât mean you have to follow suit. In fact, you [might know better]( than the pros. Thatâs todayâs Insight: [why you donât need to be glum just because the pros are.]( [Read or listen to the Insight here]( Finimize x Revolut Every cake needs a good foundation. You know, something like six free months of jargon-free [Finimize Premium]( Insights, written daily by our expert analysts. Then thereâs the delicious, buttery icing. Three months of [free Revolut Premium]( â read: your one-stop shop for all things money â sounds about right for that one. And as for the cherry on top, thatâs the [£10 or equivalent]( youâll find waiting in your new Revolut account. Mmm, delicious. Have your cake and eat it too: [unlock all that goodness by signing up for Revolut today](. SPONSORED BY INTERACTIVE INVESTOR The all-in-one exercise to get your portfolio in shape Gym workouts will get you different results, like cardio for stamina and weights for strength. And sure, youâd have to be an Iron Man to run a mile while benching a few kilos â but you can [become a titan of the investing world]( without breaking a sweat. [Diversify your investment portfolio]( with a sprawling range of assets, and youâll give yourself a better chance at surviving market volatility and [achieving long-term success](. You can find all the tools you need on [iiâs easy-to-use platform](: youâll get access to [over 40,000 global stocks]( and thousands of funds, trusts, and [exchange-traded funds](. And if you want a quick start, you can [check out iiâs quick-start funds and ready-made portfolios](. Now, time for a wind-down and a protein shake. [Find Out More]( Trading and other transactional costs apply. Investment value can go up or down and you could get back less than you invest. The value of international investments may be affected by currency fluctuations which might reduce their value in sterling. If you are unsure about the suitability of an investment product or service, you should seek advice from an authorised financial advisor. Mr. Steal Your Industries [Mr. Steal Your Industries] Whatâs Going On Here? The EUâs reportedly planning some new green subsidies to outshine the US's allure. What Does This Mean? The EUâs got a problem, and its name is Uncle Sam â especially his deep pockets. See, the US boasts a $369 billion package of subsidies and tax incentives for green tech, and thatâs got some European companies eyeing up life stateside. Cue panic among EU policymakers, who are worried the sweet Yankee dollar will deprive them of industries theyâve nurtured for years. Volkswagen, the worldâs second-biggest carmaker, is a prime example. The firm announced this week that itâs putting plans for an Eastern European battery plant on hold and prioritizing a facility in the US instead â where it could claim over $10 billion in incentives. But the EUâs reportedly hitting back, making it easier for member states to match US subsidies in a last-ditch attempt to keep firms on European soil. Why Should I Care? Zooming in: Grand theft auto.
The US and EU are squabbling over all kinds of sectors, but Europeâs especially protective of its all-important auto industry. After all, the regionâs home to some of the worldâs biggest car manufacturers. And itâs cradling some valuable EV jewels too: the bloc accounts for a quarter of global EV production and 20% of the supply chain, while the USâs figures are less than half that size. Ceding that position would hit the regionâs struggling economy hard, meaning the embattled EU has little choice but to cough up or shut up for now. The bigger picture: Seeing green.
This development might have EU bureaucrats in tears, but it bodes well for the green transition â and for the world at large. The Human Development Index, which measures how long and well folk live, has been dropping off in recent years. (Yup, youâre not just aging: life actually is getting worse.) Climate change is one key culprit â but developments like this could help keep it in check. You might also like: [US investors have been dumping ESG funds.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Mr. Steal Your Industries&utm_campaign=daily-global-10-03-2023&utm_source=email) ð¬ Quote of the day âThirty-five is when you finally get your head together and your body starts falling apart.â â Caryn Leschen (an American illustrator, copywriter, and cartoonist) [Tweet this]( SPONSORED BY INTERACTIVE INVESTOR No pain, plenty of gain Gym classes often let you bring a friend â you might even get two free shakes on the house. But itâs rare for investment services to do the same. Thatâs why iiâs new deal is pretty special: see, if you introduce a friend to iiâs award-winning platform, [you could get a £200 reward](. Thereâs plenty in it for your buddy too: theyâll get a [free subscription for a whole year, saving £120 on iiâs most popular plan](, plus an extra £120 if they open a [self-invested personal pension]( too. Whatâs more, theyâll be glad you introduced them to ii: itâs the UKâs leading flat-fee investment platform, boasting the most investment options on the market and transparent pricing. [Reward yourself â and a friend â today with ii](. [Find Out More]( ð Finimize Live 𥳠Coming Up Soon⦠All events in UK time. ð [Five Shares For ISAs â How HL Researches](: 5pm, March 20th
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